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(1)This Part applies in relation to trusts whether created before or after its commencement.
(2)No provision relating to the powers of a trustee contained in a trust instrument made before 3rd August 1961 is to be treated (for the purposes of section 6(1)(b)) as restricting or excluding the general power of investment.
(3)A provision contained in a trust instrument made before the commencement of this Part which—
(a)has effect under section 3(2) of the [1961 c. 62.] Trustee Investments Act 1961 as a power to invest under that Act, or
(b)confers power to invest under that Act,
is to be treated as conferring the general power of investment on a trustee.
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