Business Trust Only. It is the intention of the Trustees to create a business trust pursuant to the Act, and thereby to create only the relationship of trustee and beneficial owners within the meaning of such Act between the Trustees and each Shareholder. It is not the intention of the Trustees to create a general partnership, limited partnership, joint stock association, corporation, bailment, joint venture, or any form of legal relationship other than a business trust pursuant to such Act. Nothing in this Declaration of Trust shall be construed to make the Shareholders, either by themselves or with the Trustees, partners or members of a joint stock association.
Appears in 129 contracts
Samples: Agreement and Declaration of Trust (Horizon Funds), Agreement and Declaration (Hays Series Trust), Agreement and Declaration of Trust (Congressional Effect Family of Funds)
Business Trust Only. It is the intention of the Trustees to create a business trust pursuant to the Business Trust Act, and thereby to create only the relationship of trustee and beneficial owners within the meaning of such Business Trust Act between the Trustees and each Shareholder. It is not the intention of the Trustees to create a general partnership, limited partnership, joint stock association, corporation, bailment, joint venture, or any form of legal relationship other than a business trust pursuant to such Act. Nothing in this Declaration of Trust shall be construed to make the Shareholders, either by themselves or with the Trustees, partners or members of a joint stock association.
Appears in 8 contracts
Samples: Agreement and Declaration (Sa Funds Investment Trust), Agreement and Declaration (Rochdale Investment Insurance Trust), Agreement and Declaration (Blue & White Funds Trust)
Business Trust Only. It is the intention of the Trustees to create a business trust pursuant to the Act, Act and thereby to create only the relationship of trustee and beneficial owners within the meaning of such the Act between the Trustees and each Shareholder. It is not the intention of the Trustees to create a general partnership, limited partnership, joint stock association, corporation, bailment, joint venture, or any form of legal relationship other than a business trust pursuant to such the Act. Nothing in this Declaration of Trust shall be construed to make the Shareholders, either by themselves or with the Trustees, partners or members of a joint stock association.
Appears in 2 contracts
Samples: Agreement (Franklin Floating Rate Trust), Franklin Floating Rate Trust
Business Trust Only. It is the intention of the Trustees to create a business trust pursuant to the Act, and thereby to create only the relationship of trustee Trustee and beneficial owners within the meaning of such the Act between the Trustees and each Shareholder. It is not the intention of the Trustees to create a general partnership, limited partnership, joint stock association, corporation, bailment, joint venture, or any form of legal relationship other than a business trust pursuant to such the Act. Nothing in this Declaration of Trust shall be construed to make the Shareholders, either by themselves or with the Trustees, partners or members of a joint stock association.
Appears in 1 contract
Samples: Agreement and Declaration (Ing Pilgrim Senior Income Fund)
Business Trust Only. It is the intention of the Trustees to --------------------------------- create a business trust pursuant to the Act, and thereby to create only the relationship of trustee and beneficial owners within the meaning of such Act between the Trustees and each Shareholder. It is not the intention of the Trustees to create a general partnership, limited partnership, joint stock association, corporation, bailment, joint venture, or any form of legal relationship other than a business trust pursuant to such Act. Nothing in this Declaration of Trust shall be construed to make the Shareholders, either by themselves or with the Trustees, partners or members of a joint stock association.
Appears in 1 contract
Samples: Agreement and Declaration (Vanguard Asset Allocation Fund Inc)
Business Trust Only. It is the intention of the Trustees to create a business trust pursuant to the Act, and thereby to create only the relationship of trustee and beneficial owners within the meaning of such Act between the Trustees and each Shareholder. It is not the intention of the Trustees to create a general partnership, limited partnership, joint stock association, corporation, bailment, joint venture, or any form of legal relationship other than a business trust pursuant to such Act. Nothing in this Declaration of Trust shall be construed to make the Shareholders, either by themselves or with the Trustees, partners or members of a joint stock association.
Appears in 1 contract
Samples: Agreement and Declaration (Amivest NFB Funds Trust)
Business Trust Only. It is the intention of the Trustees to create a business trust pursuant to the Act, and thereby to create only the relationship of trustee and beneficial owners within the meaning of such Act between the Trustees and each ShareholderHolder. It Except that each Series is intended to be classified as a partnership for federal and state income tax purposes, it is not the intention of the Trustees to create a general partnership, limited partnership, joint stock association, corporation, bailment, joint venture, or any form of legal relationship other than a business trust pursuant to such Act. Nothing , and nothing in this Declaration of Trust shall be construed to make the ShareholdersHolders, either by themselves or with the Trustees, partners or members of a joint stock association.
Appears in 1 contract
Samples: Wt Investment Trust I
Business Trust Only. It is the intention of the Trustees ---------- ------------------- to create a business trust pursuant to the Act, and thereby to create only the relationship of trustee and beneficial owners within the meaning of such Act between the Trustees and each Shareholder. It is not the intention of the Trustees to create a general partnership, limited partnership, joint stock association, corporation, bailment, joint venture, or any form of legal relationship other than a business trust pursuant to such Act. Nothing in this Declaration of Trust shall be construed to make the Shareholders, either by themselves or with the Trustees, partners or members of a joint stock association.
Appears in 1 contract
Samples: First Mutual Funds
Business Trust Only. It is the intention of the Trustees to -------------------------------- create a business trust pursuant to the Act, and thereby to create only the relationship of trustee and beneficial owners within the meaning of such Act between the Trustees and each Shareholder. It is not the intention of the Trustees to create a general partnership, limited partnership, joint stock association, corporation, bailment, joint venture, or any form of legal relationship other than a business trust pursuant to such Act. Nothing in this Declaration of Trust shall be construed to make the Shareholders, either by themselves or with the Trustees, partners or members of a joint stock association.
Appears in 1 contract
Business Trust Only. It is the intention of the Trustees to create a business trust pursuant to the Business Trust Act, and thereby to create only the relationship of trustee and beneficial owners within the meaning of such Business Trust Act between the Trustees and each Shareholder. It is not the intention of the Trustees to create a general partnership, limited partnership, joint stock association, corporation, bailment, joint venture, or any form of legal relationship other than a business trust pursuant to such Act. Nothing in this San Francisco\16900 Declaration of Trust shall be construed to make the Shareholders, either by themselves or with the Trustees, partners or members of a joint stock association.
Appears in 1 contract
Samples: Agreement and Declaration (U S Global Leaders Variable Insurance Trust)
Business Trust Only. It is the intention of the Trustees to ---------- ------------------- create a business trust pursuant to the Act, and thereby to create only the relationship of trustee and beneficial owners within the meaning of such Act between the Trustees and each Shareholder. It is not the intention of the Trustees to create a general partnership, limited partnership, joint stock association, corporation, bailment, joint venture, or any form of legal relationship other than a business trust pursuant to such Act. Nothing in this Declaration of Trust shall be construed to make the Shareholders, either by themselves or with the Trustees, partners or members of a joint stock association.
Appears in 1 contract
Samples: Brazos Mutual Funds
