When a right relating to the real property that is included in the trust property of a trust has come to be included in the trust property of another trust due to the consolidation or split of the trust, an application for cancellation of a registration of trust relating to the initial trust pertaining to the right and an application for a registration of trust relating to the other trust must be filed simultaneously with an application for a registration of change of right by reason of the consolidation or split of the trust. The same applies where a right relating to the real property that is included in the trust property of a trust has come to be included in the trust property of another trust entrusted to the same trustee for reasons other than the consolidation or split of the trust.
When making a registration of change of a right in relation to the real property that is included in the trust property in each of the cases set forth in the left-hand column of the following table (excluding a registration referred to in Article 98, paragraph (3)), the person set forth in the middle column of the table is to be the person entitled to register, and the person set forth in the right-hand column of the table is to be the person obliged to register, respectively. In this case, the provisions of the main clause of Article 22 do not apply to the beneficiary (when there is a trust administrator, the trust administrator; hereinafter the same applies in this paragraph).
| (i) where a right relating to the real property that is included in the trustee's own property has come to be included in the trust property | Beneficiary | Trustee |
| (ii) where a right relating to the real property that is included in the trust property has come to be included in the trustee's own property | Trustee | Beneficiary |
| (iii) where a right relating to the real property that is included in the trust property of a trust has come to be included in the trust property of another trust | Beneficiary and trustee of another trust | Beneficiary and trustee of the initial trust |
信託財産に属する不動産についてする次の表の上欄に掲げる場合における権利の変更の登記（第九十八条第三項の登記を除く。）については、同表の中欄に掲げる者を登記権利者とし、同表の下欄に掲げる者を登記義務者とする。この場合において、受益者（信託管理人がある場合にあっては、信託管理人。以下この項において同じ。）については、第二十二条本文の規定は、適用しない。
| 一 不動産に関する権利が固有財産に属する財産から信託財産に属する財産となった場合 | 受益者 | 受託者 |
| 二 不動産に関する権利が信託財産に属する財産から固有財産に属する財産となった場合 | 受託者 | 受益者 |
| 三 不動産に関する権利が一の信託の信託財産に属する財産から他の信託の信託財産に属する財産となった場合 | 当該他の信託の受益者及び受託者 | 当該一の信託の受益者及び受託者 |