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Application of certain instruments.
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54.—Where—
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(a) the business of any of the banks agreed to be amalgamated includes the business of acting as trustee, executor or guardian or in any other fiduciary capacity, and
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(b) that bank was or is appointed to act as a personal representative, trustee or guardian or in any other fiduciary capacity by an instrument consisting of—
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(i) an order of a court,
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(ii) a trust deed, settlement, covenant or agreement, or
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(iii) a will, codicil or other testamentary instrument or a grant of administration,
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or by any testamentary act other than those aforesaid, whether the instrument, grant or act was made, executed or done before or after the amalgamation day,
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the instrument, grant or act shall as from the amalgamation day be read and construed and have effect as if for any reference therein to that bank there were substituted a reference to the amalgamated bank.
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