How have shares in a company been entered on the books of the company and transferred in trust?
Saskatchewan, Canada
The following excerpt is from MacDonald v. Hauer, 1973 CanLII 901 (SK QB):
In Raphael v. McFarlane (1890), 1890 CanLII 40 (SCC), 18 S.C.R. 183, it was held that the fact that shares were entered on the books of the company and in the transfer as held “in trust” was sufficient of itself to show that the title of the seller was not absolute and to put the purchaser on inquiry as to the right to sell the shares.
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