Certificated Classes Clause Samples

The 'Certificated Classes' clause defines specific categories or groups of interests, shares, or securities that are formally recognized and documented through certificates. In practice, this clause outlines which classes of ownership or participation in an entity will be issued physical or electronic certificates as proof of entitlement. For example, in a trust or investment fund, certain classes of units may be certificated while others are not. The core function of this clause is to provide clarity and legal certainty regarding which interests are evidenced by certificates, thereby facilitating proper record-keeping and transferability.