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(1) The entry of the name of the Administrator-General in the books of a company shall not constitute notice of a trust, and a company shall not be entitled to object to enter the name of the Administrator-General on its register by reason only that the Administrator-General is a corporation, and in dealing with assets the fact that the person dealt with is the Administrator-General shall not of itself constitute notice of a trust.

(2) The Administrator-General shall not be personally liable for any claim as a contributory.