Liability of Third Persons Dealing with the Board. No Person dealing with the Board shall be bound to make any inquiry concerning the validity of any transaction made or to be made by the Board or to see to the application of any payments made or property transferred to the Fund or upon its order.
Appears in 7 contracts
Samples: Operating Agreement (JNL Variable Fund LLC), Operating Agreement (JNL Strategic Income Fund LLC), Operating Agreement (JNL Variable Fund LLC)
Liability of Third Persons Dealing with the Board. No Person person dealing with the Board shall be bound to make any inquiry concerning the validity of any transaction made or to be made by the Board or to see to the application of any payments made or property transferred to the Fund or upon its order.
Appears in 2 contracts
Samples: Operating Agreement (JNL Strategic Income Fund LLC), Operating Agreement (JNL Strategic Income Fund LLC)
