Combination of Series. The Board of Trustees shall have the authority, without the approval of the Shareholders of any Series or Class unless otherwise required by applicable law, to combine the assets and liabilities held with respect to any two or more Series or Class into assets and liabilities held with respect to a single Series or Class.
Appears in 3 contracts
Samples: Declaration of Trust (Lincoln Funds Trust), Trust Agreement (Lincoln Advisors Trust), Declaration of Trust (Lincoln National Aggressive Growth Fund Inc)
Combination of Series. The Board of Trustees shall have the authority, without the approval of the Shareholders of any Series or Class unless otherwise required by applicable law, to combine the assets and liabilities held with respect to any two or more Series or Class into assets and liabilities held with respect to a single Series; provided that upon completion of such combination of Series, the proportionate interest of each Shareholder of each Series or Classthat is combined, in the assets and liabilities held with respect to the combined Series shall equal the proportionate interest that each such Shareholder held in the assets and liabilities held with respect to the particular Series that is combined.
Appears in 3 contracts
Samples: Trust Agreement (Igam Group Funds), Trust Agreement (Pennsylvania Avenue Funds), Trust Agreement (Fort Pitt Capital Funds)
Combination of Series. The Board of Trustees shall have the authority, without the approval of the Shareholders of any Series or Class unless otherwise required by applicable law, to combine the assets and liabilities held with respect to any two or more Series or Class into assets and liabilities held with respect to a single Series; provided that upon completion of such combination of Series, the proportionate interest of each Shareholder of each Series or Classthat is combined, in the assets and liabilities held with respect to the combined Series shall equal the proportionate interest that such Shareholder held in the assets and liabilities held with respect to the Series that is combined.
Appears in 3 contracts
Samples: Agreement and Declaration of Trust (Barrett Funds), Trust Agreement (Berwyn Income Fund Inc), Trust Agreement (Ingenuity Capital Trust)
Combination of Series. The Board of Trustees shall have the authority, without the approval of the ofthe Shareholders of any Series or Class unless otherwise required by applicable law, to combine the assets and liabilities held liabilitiesheld with respect to any two or more Series or Class into assets and liabilities held with respect to a single Series or ClassSeries.
Appears in 2 contracts
Samples: Trust Agreement (Elessar Funds Investment Trust), Trust Agreement (Elessar Funds Investment Trust)
Combination of Series. The Board of Trustees shall have the authority, without the approval of the Shareholders of any Series or Class unless otherwise required by applicable law, to combine the assets and liabilities held with respect to any two or more Series or Class into assets and liabilities held with respect to a single Series or ClassSeries.
Appears in 2 contracts
Samples: Agreement and Declaration of Trust (SFS Series Trust), Declaration of Trust (World Funds Trust)
Combination of Series. The Board of Trustees shall have the authority, without the approval of the Shareholders of any Series or Class unless otherwise required by applicable law, to combine the assets and liabilities held with respect to any two (2) or more Series or Class into assets and liabilities held with respect to a single Series or ClassSeries.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (E-Valuator Funds Trust)
Combination of Series. The Board of Trustees shall have the authority, without the approval of the Shareholders of any Series or Class unless otherwise required by applicable law, to combine the assets and liabilities held with respect to any two or more Series or Class into assets and liabilities held with respect to a single Series; provided that upon completion of such combination of Series, the proportionate interest of each Shareholder, in the assets and liabilities held with respect to the combined Series, shall equal the proportionate interest of each such Shareholder in the assets and liabilities held with respect to each Series or Classthat was combined.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Sma Relationship Trust)
