(1) A person may hold an interest in a sublease of a Queen’s Wharf headlease in trust even if the requirement for the interest in trust to be registered under the Land Act, section 374A has not been met.
(2) Subsection (1) does not affect a person registering the person’s interest as trustee in the way required under the Land Act, sections 374A and 375.Note—The Land Act, sections 374A and 375 include requirements that apply to holding or registering an interest in a sublease in trust.