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The Trustee Investments (Division of Trust Fund) Order 1996
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- 1996 No. 845
- Explanatory Note
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Explanatory Note
(This note is not part of the Order)
This Order, which extends to England and Wales and Scotland, contains a direction by H. M. Treasury that the prescribed proportion under section 13(1) of the Trustee Investments Act 1961 shall be a proportion of three to one, with the result that any division of a trust fund under section 2(1) of that Act is to be made so that the value of the wider-range part of the fund, instead of being equal to the value of the narrower-range part of the fund as required by section 2, is three times that value.
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