Common use of Business Trust Only Clause in Contracts

Business Trust Only. It is the intention of the Trustees to create a business trust pursuant to the Delaware Act, and thereby to create only the relationship of Trustee and beneficial owners within the meaning of such Delaware 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, or any form of legal relationship other than a business trust pursuant to such Delaware 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 5 contracts

Samples: Agreement and Declaration of Trust (Persimmon Growth Partners Investor Fund), PARADIGM Funds Trust, Agreement and Declaration of Trust (Friends Ivory & Sime Funds)

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Business Trust Only. It is the intention of the Trustees to create a business trust pursuant to the Delaware Business Trust Act, as amended from time to time (the "Act"), and thereby to create only the relationship of Trustee trustee and beneficial owners within the meaning of such Delaware 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, association corporation, bailment, or any form of legal relationship other than a business trust pursuant to such Delaware Act. Nothing in this Declaration of Trust shall be construed to make the Shareholders, either by themselves or with the Trustees, Trustees partners or members of a joint stock association.

Appears in 1 contract

Samples: Adjustable Rate Securities Portfolios

Business Trust Only. It is the intention of the Trustees Directors to create a business trust pursuant to the Delaware Business Trust Act, as amended from time to time (the "Act"), and thereby to create only the relationship of Trustee Director and beneficial owners within the meaning of such Delaware Act between the Trustees Directors and each Shareholder. It is not the intention of the Trustees Directors to create a general partnership, limited partnership, joint stock association, corporation, bailment, or any form of legal relationship other than a business trust pursuant to such Delaware Act. Nothing in this Declaration of Trust shall be construed to make the Shareholders, either by themselves or with the TrusteesDirectors, partners or members of a joint stock association.

Appears in 1 contract

Samples: Vantagepoint Funds

Business Trust Only. It is the intention of the Trustees to create a business trust pursuant to the Delaware Business Trust Act, as amended from time to time (the "Act"), and thereby to create only the relationship of Trustee trustee and beneficial owners within the meaning of such Delaware Act between the Trustees and each Shareholder. It is not not-the intention of the Trustees to create a general partnership, limited partnership, joint stock association, corporation, bailment, or any form of legal relationship other than a business trust pursuant to such Delaware 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: Gabelli Money Market Funds

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Business Trust Only. It is the intention of the Trustees to create a business trust pursuant to the Delaware Business Trust Act, as amended from time to time (the "Act"), and thereby to create only the relationship of Trustee trustee and beneficial owners within the meaning of such Delaware 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, or any form of legal relationship other than a business trust pursuant to such Delaware Act. Nothing in this Declaration of Trust 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 (Tip Institutional Funds)

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