Action by Trustee. At any time there is more than one Trustee all action with respect to the disposition and distribution of the Trust Assets required or permitted to be taken by the Trustee, in its capacity as Trustee, shall be taken by approval, consent, vote or resolution authorized by at least a majority of the Trustees.
Appears in 4 contracts
Samples: Liquidating Trust Agreement (All American Group Inc), Liquidating Trust Agreement (Shelbourne Properties Ii Inc), Liquidating Trust Agreement (Shelbourne Properties Iii Inc)
Action by Trustee. At any time there is more than one Trustee Trustee, all action with respect to the disposition and distribution of the Trust Assets required or permitted to be taken by the Trustee, in its capacity as Trustee, shall be taken by approval, consent, vote or resolution authorized by at least a majority of the Trustees.
Appears in 2 contracts
Samples: Agreement and Declaration of Trust (T Reit Liquidating Trust), Trust Agreement (Fab Industries Inc)
Action by Trustee. At any time there is more than one Trustee Trustee, all action with respect to the disposition and distribution of the Trust Assets required or permitted to be taken by the TrusteeTrustees, in its capacity their capacities as TrusteeTrustees, shall be taken by approval, consent, vote or resolution authorized by at least a majority of the Trustees.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Mission West Properties Inc)
