Establishment and Designation of Series. or Class). The Trustees may establish and designate one or more Series or Classes in their sole discretion without obtaining the approval of the Shareholders of any Series or Class thereof (except as otherwise required by the 1940 Act). The establishment and designation of any Series (or Class) of Shares shall be effective upon the adoption by a majority of the then Trustees of a resolution that sets forth such establishment and designation and the relative rights and preferences of such Series (or Class), whether directly in such resolution or by reference to another document including, without limitation, any registration statement of the Trust, or as otherwise provided in such resolution. Shares of each Series (or Class) established pursuant to this Article III, unless otherwise provided in the resolution establishing such Series, shall have the following relative rights and preferences:
Appears in 13 contracts
Samples: A Agreement (Phoenix Oakhurst Strategic Allocation Fund Inc), Agreement and Declaration (Phoenix Multi Portfolio Fund), Agreement and Declaration (Phoenix Aberdeen Worldwide Opportunities Fund)