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to be created at the first time at which the particular trust exists in its first taxation year in respect of which the particular trust is an electing trust, and
to be created at the first time at which the particular trust exists in its first taxation year in respect of which the particular trust is an electing trust, and
to be created at the first time at which the particular trust exists in its first taxation year in respect of which the particular trust is an electing trust, and