Insurance Act, 1990
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Application of certain instruments. |
7.—(1) Where— | |
(a) the business in respect of which a transfer order has been made consists of or includes the business of acting as trustee or in any other fiduciary capacity, and | ||
(b) the Original Company was appointed as trustee or in any other fiduciary capacity by an instrument consisting of a trust deed, settlement, covenant or agreement, | ||
such instrument shall, on and from the transfer date, be construed and have effect as if for any reference therein to the Original Company there were substituted a reference to the New Company. | ||
(2) References to the Original Company contained, immediately before the transfer date, in any order made under section 2 (1) of the Trustee (Authorised Investments) Act, 1958 , shall be construed on and after the transfer date as references to the New Company. |