(2) However, for a trust acquisition or trust
surrender of a trust interest in a trust, a unit trust is not a
widely held unit trust if subsection (1) (b) and (c) is not satisfied before
and after the trust acquisition or trust surrender.
(3) For subsection (2) ,
a trust acquisition or trust surrender of a trust interest in a unit trust
includes a series of trust acquisitions or trust surrenders under an
arrangement.
(4) If subsection (2) applies to a unit trust, the trust is not
a widely held unit trust from immediately before the trust acquisition or
trust surrender or the first acquisition or surrender under the arrangement.
(5) For subsection (1) , a person is taken to be beneficially entitled to all
units held by the person and related persons of the person.