(1) This section -
(a) contains provisions as to the articles of an investment company;
(b) provides that, in certain circumstances, a default position shall obtain in relation to the articles of an investment company; and
(c) continues in force the memorandum and articles of an investment company to which Part XIII of the Act of 1990 applies.
(2) In this section -
"mandatory provision" means a provision of any of Parts 1 to 14 or Part 17 (as applied by this Part) or of this Part that is not an optional provision;
"optional provision" means a provision of any of Parts 1 to 14 or Part 17 (as applied by this Part) or of this Part that -
(a) contains a statement to the effect, or is governed by provision elsewhere to the effect, that the provision applies save to the extent that the constitution provides otherwise or unless the constitution states otherwise; or
(b) is otherwise of such import.
(3) The articles of an investment company -
(a) shall contain such regulations in relation to th
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