Supplementary Provisions, Article 77Transitional Measures Concerning Trust Accounting Statements

The provisions of Article 96, paragraph (1) of the New Regulation (Trust Accounting Statement) apply to the statement prescribed in Article 227 of the New Act (Trust Accounting Statement) that a trust company prescribed in that Article submits under that Article for a business year beginning on or after the Effective Date (in the case of a trustee other than a trust company prescribed in that Article, the statement prescribed in that Article that is submitted on or after January 1 of the year following the year that includes the Effective Date), and the provisions then in force continue to govern the statement prescribed in Article 227 of the Former Act (Trust Accounting Statement) that a trust company prescribed in that Article submitted under that Article for a business year beginning before the Effective Date (in the case of a trustee other than a trust company prescribed in that Article, the statement prescribed in that Article that was submitted before January 1 of the year following the year that includes the Effective Date).