No Duty of Investigation. Notice in Trust Instruments, etc. No purchaser, lender, transfer agent or other person dealing with the Trustees or with any officer, employee or agent of the Trust shall be bound to make any inquiry concerning the validity of any transaction purporting to be made by the Trustees or by said officer, employee or agent or be liable for the application of money or property paid, loaned, or delivered to or on the order of the Trustees or of said officer, employee or agent. Every obligation, contract, undertaking, instrument, certificate, Share, other security of the Trust, and every other act or thing whatsoever executed in connection with the Trust shall be conclusively taken to have been executed or done by the executors thereof only in their capacity as Trustees under this Declaration or in their capacity as officers, employees or agents of the Trust. The Trustees may maintain insurance for the protection of the Trust Property, its Shareholders, Trustees, officers, employees and agents in such amount as the Trustees shall deem adequate to cover possible tort liability, and such other insurance as the Trustees in their sole judgment shall deem advisable or is required by the 1940 Act.
No Duty of Investigation. No purchaser, lender or other Person dealing with the Trustees or any officer, employee or agent of the Trust or a Class or Series thereof shall be bound to make any inquiry concerning the validity of any transaction purporting to be made by the Trustees or by said officer, employee or agent or be liable for the application of money or property paid, loaned, or delivered to or on the order of the Trustees or of said officer, employee or agent. Every obligation, contract, instrument, certificate, Share, other security or undertaking of the Trust or a Class or Series, and every other act or thing whatsoever executed in connection with the Trust shall be conclusively presumed to have been executed or done by the executors thereof only in their capacity as Trustees under this Declaration or in their capacity as officers, employees or agents of the Trust. Every written obligation, contract, instrument, certificate, Share, other security or undertaking of the Trust or a Class or Series made or issued by the Trustees may recite that the same is executed or made by them not individually, but as Trustees under the Declaration, and that the obligations of the Trust or a Class or Series thereof under any such instrument are not binding upon any of the Trustees or Shareholders individually, but bind only the Trust Property or the Trust Property of the applicable Class or Series, and may contain any further recital which they may deem appropriate, but the omission of any such recital shall not operate to bind the Trustees or Shareholders individually.
No Duty of Investigation. Notice in Trust Instruments, etc. No purchaser, lender, transfer agent or other person dealing with the Trustees or with any officer, employee or agent of the Trust shall be bound to make any inquiry concerning the validity of any transaction purporting to be made by the Trustees or by said officer, employee or agent or be liable for the application of money or property paid, loaned, or delivered to or on the order of the Trustees or of said officer, employee or agent. Every obligation, contract, undertaking, instrument, certificate, Share, other security of the Trust, and every other act or thing whatsoever executed in connection with the Trust shall be conclusively taken to have been executed or done by the executors thereof only in their capacity as Trustees under this Declaration or in their capacity as officers, employees or agents of the Trust. Every written obligation, contract, undertaking, instrument, certificate, Share, other security of the Trust made or issued by the Trustees or by any officers, employees or agents of the Trust in their capacity as such, shall contain an appropriate recital to the effect that the Shareholders, Trustees, officers, employees or agents of the Trust shall not personally be bound by or liable thereunder, nor shall resort be had to their private property for the satisfaction of any obligation or claim thereunder, and appropriate references shall be made therein to this Declaration, and may contain any further recital which they may deem appropriate, but the omission of such recital shall not operate to impose personal liability on any of the Trustees, Shareholders, officers, employees or agents of the Trust. The Trustees may maintain insurance for the protection of the Trust Property, its Shareholders, Trustees, officers, employees and agents in such amount as the Trustees shall deem adequate to cover possible tort liability, and such other insurance as the Trustees in their sole judgment shall deem advisable or is required by the 1940 Act.
No Duty of Investigation. NO NOTICE IN COMPANY INSTRUMENTS, ETC. No purchaser, lender, transfer agent or other person dealing with the Directors or with any officer, employee or agent of the Company shall be bound to make any inquiry concerning the validity of any transaction purporting to be made by the Directors or by said officer, employee or agent or be liable for the application of money or property paid, loaned, or delivered to or on the order of the Directors or of said officer, employee or agent. Every obligation, contract, undertaking, instrument, certificate, Unit, other security of the Company, and every other act or thing whatsoever executed in connection with the Company shall be conclusively taken to have been executed or done by the executors thereof only in their capacity as Directors under this Agreement or in their capacity as officers, employees or agents of the Company. The Directors may maintain insurance for the protection of the property of the Company, the Members, Directors, officers, employees and agents in such amount as the Directors shall deem adequate to cover possible tort liability, and such other insurance as the Directors in their sole judgment shall deem advisable or is required by the 1940 Act.
No Duty of Investigation. No Notice in Trust Instruments, etc. 13 Section 5.5 Trustee’s Good Faith Action, Reliance on Experts, etc. 14 ARTICLE VI Shares of Beneficial Interest 14 Section 6.1 Beneficial Interest 14 Section 6.2 Other Securities 14 Section 6.3 Rights of Shareholders 15 Section 6.4 Statutory Trust Only 15 Section 6.5 Issuance of Shares 15 Section 6.6 Register of Shares 16 Section 6.7 Transfer Agent and Xxxxxxxxx 00 Section 6.8 Transfer of Shares 16 Section 6.9 Notices 17 Section 6.10 Assent to Declaration 17 ARTICLE VII Custodians 17 Section 7.1 Appointment and Duties 17 Section 7.2 Central Certificate System 18 ARTICLE VIII Redemption 18 Section 8.1 Redemptions 18 Section 8.2 Disclosure of Holding 18 ARTICLE IX Determination of Net Asset Value Net Income and Distributions 18 Section 9.1 Net Asset Value 18 Section 9.2 Distributions to Shareholders 19 Section 9.3 Power to Modify Foregoing Procedures 19 ARTICLE X Shareholders 19 Section 10.1 Meetings of Shareholders 19 Section 10.2 Voting 20 Section 10.3 Notice of Meeting and Record Date 20 Section 10.4 Quorum and Required Vote 20 Section 10.5 Proxies, etc. 21 Section 10.6 Reports 21 Section 10.7 Inspection of Records 22 Section 10.8 Shareholder Action Without a Meeting 22 Section 10.9 Shareholder Actions 22
No Duty of Investigation. Notice in Trust Instruments, etc.
No Duty of Investigation. Notice in Trust Instruments, etc. No purchaser, lender, transfer agent or other Person dealing with the Trustees or with any officer, employee or agent of the Trust or any Series of the Trust or Class thereof shall be bound to make any inquiry concerning the validity of any transaction purporting to be made by the Trustees or by said officer, employee or agent or be liable for the application of money or property paid, loaned, or delivered to or on the order of the Trustees or of said officer, employee or agent. Every obligation, contract, undertaking, instrument, certificate, Share, other security of the Trust or any Series of the Trust, and every other act or thing whatsoever executed in connection with the Trust or any Series of the Trust shall be conclusively taken to have been executed or done by the executors thereof only in their capacity as Trustees under this Declaration or in their capacity as officers, employees or agents of the Trust. The Trustees may maintain insurance for the protection of the Series Property, the Shareholders of each Series, Trustees, officers, employees and agents in such amount as the Trustees shall deem adequate to cover possible liability, and such other insurance as the Trustees in their sole judgment shall deem advisable or is required by the 1940 Act.
No Duty of Investigation. Notice in Trust Instruments Etc. 15 Section 4.6 Reliance on Experts, Etc. 16 ARTICLE V SHARES OF BENEFICIAL INTEREST 16 Section 5.1 Beneficial Interest 16 Section 5.2 Rights of Shareholders 16 Section 5.3 Trust Only 17 Section 5.4 Issuance of Shares 17 Section 5.5 Register of Shares 17 Section 5.6 Transfer of Shares 17 Section 5.7 Notices 18 Section 5.8 Treasury Shares 18 Section 5.9 Voting Powers 18 Section 5.10 Meetings of Shareholders 18 Section 5.11 Series or Class Designation 19 Section 5.12 Bound By Declaration of Trust 22
No Duty of Investigation. Notice in Trust Instruments, etc 16 5.5 Reliance on Experts, etc 16
No Duty of Investigation. Except as otherwise provided herein, Escrow Agent may rely upon and shall have no liability for acting or refraining from acting upon any written notice, instruction or request furnished to it by Wefunder or an Investor, and believed by Escrow Agent to be genuine and to have been signed or presented by the proper party or parties. Escrow Agent shall be under no duty to inquire into or investigate the validity, accuracy or content of any such notice, instruction, request or other document.
