Common use of Authority Relative to the Agreement Clause in Contracts

Authority Relative to the Agreement. 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 (for the Reorganization of RiverSource Massachusetts Tax-Exempt Fund, RiverSource Michigan Tax-Exempt Fund and RiverSource Ohio Tax-Exempt Fund, the Board of Trustees) of the Selling Corporation and no other proceedings by the Selling Corporation or the Selling Fund are necessary.

Appears in 5 contracts

Samples: Agreement and Plan of Reorganization (Riversource Investment Series, Inc.), Agreement and Plan of Reorganization (Riversource Tax-Exempt Income Series, Inc.), Agreement and Plan of Reorganization (Riversource Diversified Income Series Inc)

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