180—Person registered in place of deceased, bankrupt, or assigning
proprietor, to be proprietor of land for purpose of dealing
Any person registered in place of a deceased registered proprietor, or as
Official Receiver or as trustee of a registered proprietor becoming bankrupt
or making a statutory assignment, shall hold the land in respect of which he
is so registered upon the trusts, and for the purposes for which the same is
applicable by law; but shall, for the purpose of any dealing with such land,
be deemed to be the absolute proprietor thereof.