Common use of Actions by Trustees Clause in Contracts

Actions by Trustees. A quorum for all meetings of the Trustees shall be a majority of the Trustees then in office. Unless specifically provided otherwise in this Trust Agreement, any action of the Trustees may be taken at a meeting if a quorum is present by vote of a majority of Trustee at the meeting. Any agreement, deed, mortgage, lease or other instrument or writing executed by any one or more of the Trustees and upon the Trust when authorized by action of the Trustees. The Trustees may adopt such additional rules and procedures as they deem appropriate to govern their conduct and to further the orderly administration of the Trust.

Appears in 5 contracts

Samples: Liquidating Trust Agreement (Global Resource CORP), Liquidating Trust Agreement (Global Resource CORP), Liquidating Trust Agreement (Global Resource CORP)

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