Common use of Authority Relative to the Agreement Clause in Contracts

Authority Relative to the Agreement. Each Selling Corporation has the power to enter into and to carry out its obligations under this Agreement. The Agreement and the transactions contemplated by it have been duly authorized by the Board of Directors of each Selling Corporation and no other proceedings by the Selling Corporations or the Selling Funds are necessary, other than the approval of shareholders contemplated in paragraph 1.

Appears in 6 contracts

Samples: Reorganization Agreement (Riversource Equity Series Inc), Agreement and Plan of Reorganization (Riversource Investment Series, Inc.), Agreement and Plan of Reorganization (Riversource Strategy Series, Inc.)

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Authority Relative to the Agreement. Each The Selling Corporation has the power to enter into and to carry out its obligations under this Agreement. The Agreement and the transactions contemplated by it have been duly authorized by the Board of Directors or the Board of each Trustees, as the case may be, of the Selling Corporation and no other proceedings by the Selling Corporations Corporation or the corresponding Selling Funds Fund are necessary, other than the approval of shareholders contemplated in paragraph 1.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (RiverSource Variable Series Trust)

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