Delegation by Trustees Clause Samples
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Delegation by Trustees. Subject only to any limitations required by federal law including the 1940 Act, the Trustees may delegate any and all powers and authority hereunder as they consider desirable to any officer of the Trust, to any committee of the Trustees, any committee composed of Trustees and other persons and any committee composed only of persons other than Trustees and to any agent, independent contractor or employee of the Trust or to any custodian, administrator, transfer or shareholder servicing agent, Manager, investment advisor or sub-advisor, Principal Underwriter or other service provider, provided that such delegation of power or authority by the Trustees shall not cause any Trustee to cease to be a Trustee of the Trust or cause such person, officer, agent, employee, custodian, transfer or shareholder servicing agent, Manager, Principal Underwriter or other service provider to whom any power or authority has been delegated to be a Trustee of the Trust. The reference in this Declaration of Trust to the right of the Trustees to, or circumstances under which they may, delegate any power or authority, or the reference in this Declaration of Trust to the authorized agents of the Trustees or any other Person to whom any power or authority has been or may be delegated pursuant to any specific provision of this Declaration of Trust, shall not limit the authority of the Trustees to delegate any other power or authority under this Declaration of Trust to any Person, subject only to any limitations under federal law including the 1940 Act.
Delegation by Trustees. Subject only to any limitations required by federal law including the 1940 Act, the Trustees may delegate any and all rights, powers, authority and duties hereunder as they consider desirable to any officer of the Trust, to any committee of the Trustees, any committee composed of Trustees and other persons and any committee composed only of persons other than Trustees and to any agent, independent contractor or employee of the Trust or to any custodian, administrator, transfer or shareholder servicing agent, Manager, investment adviser or sub-adviser, Principal Underwriter or other service provider, provided that such delegation of rights, power, authority or duties by the Trustees shall not cause any Trustee to cease to be a Trustee of the Trust or cause such person, officer, agent, employee, custodian, transfer or shareholder servicing agent, Manager, Principal Underwriter or other service provider to whom any rights, power, authority or duties has been delegated to be a Trustee of the Trust. The reference in this Declaration of Trust to the right of the Trustee to, or circumstances under which they may, delegate any rights, power, authority or duties, or the reference in this Declaration of Trust to the authorized agents of the Trustees or any other Person to whom any rights, power, authority or duties has been or may be delegated pursuant to any specific provision of this Declaration of Trust, shall not limit the authority of the Trustees to delegate any other rights, power, authority or duties under this Declaration of Trust to any Person, subject only to any limitations under federal law including the 1940 Act.
Delegation by Trustees. Any Trustee may, in any of the circumstances permitted by section 31 of the Trustee Act, exercise the powers under that section of delegating to any person, who has been approved by the other Trustees, during any period for which that Trustee may be absent from New Zealand or incapable of performing his or her duties as a Trustee, all or any trusts powers authorities and discretions vested in him or her as a Trustee of the Trust.
Delegation by Trustees. The Trustees shall have and may exercise the following powers in addition to all other powers vested in them by the Deed and by law, namely:
4.1. power to delegate to any person or body of persons which the Trustees believe to be of good repute (whether or not that person or one of those persons is one of the Trustees) such of their powers, duties, authorities and discretions over investments as they may deem expedient for the convenient administration of the Scheme;
4.2. power from time to time to authorise (in writing) such persons as they think fit to draw cheques on any banking account of the Scheme or to endorse any cheque or to give receipts and discharges and so that any such receipt or discharge shall be as valid and effective as if it were given by the Trustees and so that the provision of a written authority of the Trustees shall be a sufficient protection to any person taking any such receipts or discharge or otherwise acting under or relying upon such authority;
4.3. power to make arrangements generally for the administration of the Scheme as they think fit and, in particular, to employ such agents and staff, including a secretary, to transact any business of the Scheme, including signing certificates and making and receiving payments and granting receipts and discharges, but subject always to the directions and instructions of the Trustees and to such regulations as the Trustees may make from time to time for the purpose of his duties. The remuneration of such person or persons shall be part of the expenses of the Scheme incurred by the Trustees for its proper administration.
Delegation by Trustees. Subject only to any limitations required by applicable federal law, including the 1940 Act, and the By-Laws, the Trustees may delegate any and all powers and authority hereunder as they consider desirable to any officer of the Trust, to any committee of the Trustees, any committee composed of Trustees and other persons and any
Column A - General Trust Information