Common use of Actions by Trustees Clause in Contracts

Actions by Trustees. Unless statute, the charter or By-laws requires a greater proportion, action of a majority of the Trustees present at a meeting at which a quorum is present is action of the Board of Trustees. The results of all voting shall be recorded by the Secretary in the minute book.

Appears in 4 contracts

Samples: Agreement and Declaration of Trust (Van Kampen American Capital World Portfolio Series Trust), Agreement and Declaration of Trust (Van Kampen American Capital Tax Exempt Trust), Agreement and Declaration of Trust (American Capital Life Investment Trust)

AutoNDA by SimpleDocs

Actions by Trustees. Unless statutea greater proportion is required by the Declaration, the charter or these By-laws requires a greater proportionLaws or the 1940 Act or other applicable law, action of a majority of the Trustees present at a meeting at which a quorum is present is shall constitute action of the Board of Trustees. The results of all voting shall be recorded by the Secretary Secretary, or an acting secretary designated by the Trustees for the purposes of the meeting, in the minute book.

Appears in 1 contract

Samples: By Laws (Forefront Income Trust)

AutoNDA by SimpleDocs

Actions by Trustees. Unless statute, the charter or By-laws Laws requires a greater proportion, action of a majority of the Trustees present at a meeting at which a quorum is present is action of the Board of Trustees. The results of all voting shall be recorded by the Secretary in the minute book.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (American Capital Corporate Bond Fund Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!