Defect in Appointment, etc. Despite that it is subsequently discovered or determined that there exists some defect in the appointment, removal or qualification of any Trustee, all acts and proceedings of the Trustees done and carried on in good faith while the defect existed shall be valid and effective.
Appears in 5 contracts
Samples: Joint Trust Agreement, Joint Trust Agreement, Municipal Retiree Benefit Trust Agreement
Defect in Appointment, etc. β Despite that it is subsequently discovered or determined that there exists some defect in the appointment, removal or qualification of any Trustee, all acts and proceedings of the Trustees done and carried on in good faith while the defect existed shall be valid and effective.
Appears in 3 contracts
Samples: Joint Trust Agreement, Joint Trust Agreement, Joint Trust Agreement
Defect in Appointment, etc. Despite that it is subsequently discovered or determined that there exists some defect in the appointment, removal or qualification of any Trustee, all acts and proceedings of the Trustees Board done and carried on in good faith while the defect existed shall be valid and effective.
Appears in 1 contract
Samples: Joint Trust Agreement
Defect in Appointment, etc. Despite that it is subsequently discovered or determined that there exists some defect in the appointment, removal or qualification of any Trustee, all acts and proceedings of the Trustees done and carried on in good faith while the any such defect existed shall be valid and effective.
Appears in 1 contract
Samples: Trust Agreement