Common use of Election and Number of Trustees Clause in Contracts

Election and Number of Trustees. Immediately following adoption of this Trust Instrument, the Trustees of the Trust shall be the persons signing this Trust Instrument. The number of Trustees shall be fixed from time to time by a majority of the Trustees; provided, that there shall be at least three (3)

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (Aspiration Funds), Trust Agreement (Aspiration Institutional Funds), Agreement and Declaration of Trust (Aspiration Funds)

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Election and Number of Trustees. Immediately following adoption of this Trust Instrument, the Trustees of the Trust shall be the persons person(s) signing this Trust Instrument. The number of Trustees shall be fixed from time to time by a majority of the Trustees; provided, that prior to the commencement of operations of any Series, there shall be at least three (3) Trustees. The Shareholders shall elect the Trustees (other than the initial Trustees), if required by the 1940 Act, on such dates as the Trustees may fix from time to time.

Appears in 1 contract

Samples: Trust Agreement (Advisors Preferred Trust)

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