5Construction of instruments

5 Construction of instruments

(1)  This section applies to an instrument –

(a) which was in force immediately before the incorporation day; and

(b) in which there is a reference to the Trust.

(2)  Unless the context or subject matter of the instrument otherwise indicates or requires, an instrument to which this section applies has effect on and from the incorporation day as if –

(a) the reference to the Trust were a reference to the Company; or

(b) if the case so requires, the reference included a reference to the Company.