Rights, Privileges, Immunities, Etc., Conferred by Article

All of the provisions of this article shall apply to and shall confer all rights, privileges, exemptions and immunities upon any trust established for the purposes contemplated by this article and the grantors, members, beneficiaries, participants and trustees thereof, whether such trust was established before or after April 7, 1977. (Acts 1977, No. 166, p. 226, §5.)