No Personal Liability of Shareholders Sample Clauses

No Personal Liability of Shareholders. No Shareholder of the Trust shall be subject in such capacity to any personal liability whatsoever to any Person in connection with Trust Property or the acts, obligations or affairs of the Trust. Shareholders shall have the same limitation of personal liability as is extended to stockholders of a private corporation for profit incorporated under the Delaware General Corporation Law.
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No Personal Liability of Shareholders. Trustees, etc 14 5.2 Mandatory Indemnification 14 5.3 No Bond Required of Trustees 16 5.4
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No Personal Liability of Shareholders. Trustees, etc. . 12 4.2
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No Personal Liability of Shareholders. Trustees, etc 12 4.2 Mandatory Indemnification 12 4.3
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No Personal Liability of Shareholders. The Shareholders shall be entitled to the protection against personal liability for the obligations of the Trust under Section 3803(a) of the Delaware Statutory Trust Act. Neither the Trust nor the Trustees, nor any officer, employee or agent of the Trust shall have any power to bind personally any Shareholder, nor, except as specifically provided herein, to call upon any Shareholder for the payment of any sum of money or assessment whatsoever other than such as the Shareholder may at any time personally agree to pay.
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No Personal Liability of Shareholders. No Shareholder or former Shareholder shall be subject to any personal liability whatsoever to any Person in connection with Trust Property or the acts, obligations or affairs of the Trust. No Trustee, officer or employee of the Trust shall be subject to any personal liability whatsoever to any Person, other than the Trust or its Shareholders, in connection with Trust Property or the affairs of the Trust and all such Persons shall look solely to the Trust Property for satisfaction of claims of any nature arising in connection with the affairs of the Trust. If any Shareholder, former Shareholder, Trustee, officer or employee, as such, of the Trust, is made a party to any suit or proceeding to enforce any such liability, he shall not, on account thereof, be held to any personal liability. The Trust shall indemnify and hold each Shareholder and former Shareholder harmless from and against all claims and liabilities to which such Shareholder may become subject by reason of his or her being or having been a Shareholder, and shall reimburse such Shareholder for all legal and other expenses reasonably incurred by him or her in connection with any such claim or liability. The rights accruing to a Shareholder or former Shareholder under this Section 4.1 shall not exclude any other right to which such Shareholder may be lawfully entitled, nor shall anything herein contained restrict the right of the Trust to indemnify or reimburse a Shareholder or former Shareholder in any appropriate situation even though not specifically provided herein. The Trust shall, upon request by a Shareholder or former Shareholder, assume the defense of any claim made against such Shareholder for any act or obligation of the Trust and satisfy any judgment thereon from the assets of the Trust. Notwithstanding any other provision of the Declaration to the contrary, no Trust Property shall be used to indemnify or reimburse any Shareholder or former Shareholder of any Shares of any series other than Trust Property allocated or belonging to such series.
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No Personal Liability of Shareholders. Trustees, Etc 14 Section 4.2. Non-Liability of Trustees, Etc 14 Section 4.3. Mandatory Indemnification 15 Section 4.4. No Bond Required of Trustees 16 Section 4.5. No Duty of Investigation; Notice in Trust Instruments, Etc 16 Section 4.6. Reliance on Experts, Etc 17 Section 5.1. Beneficial Interest 17 Section 5.2. Rights of Shareholders 17 Section 5.3. Trust Only; Implied Duties 18 Section 5.4. Issuance of Shares 18 Section 5.5. Register of Shares 18 Section 5.6. Transfer of Shares 18 Section 5.7. Notices 19 Section 5.8. Treasury Shares 19 Section 5.9. Voting Powers 19 Section 5.10. Meetings of Shareholders 20 Section 5.11. Series or Class Designation 20 Section 5.12. Record Dates 21 Section 5.13. Quorum and Required Vote 21 Section 5.14. Action by Written Consent 21 Section 5.15. Inspection of Records 22 Section 5.16. Additional Provisions 22 Section 5.17. Bound by Declaration of Trust 22 Section 6.1. Net Asset Value 22 Section 6.2. Distributions to Shareholders 22 Section 6.3. Redemptions 23 Section 6.4. Power to Modify Foregoing Procedures 23 Section 7.1. Duration 23 Section 7.2. Termination or merger of the Trust or a Series or a Class; Sale of all or substantially all of the assets of the Trust 23 Section 7.3. Amendment Procedure 24 Section 7.4. Conversion 25 Section 7.5. Incorporation 25
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No Personal Liability of Shareholders. 13 Section 5.10 Assent to Trust Instrument and Disclosure.............. 13
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No Personal Liability of Shareholders. No Shareholder of the Trust or of any Series shall be personally liable for the debts, liabilities, obligation and expenses incurred by, contracted for, or otherwise existing with respect to, the Trust or any Series. The Trustees shall have no power to bind any Shareholder personally or to call upon any Shareholder for the payment of any sum of money or assessment whatsoever other than such as the Shareholder may at any time personally agree to pay by way of subscription for any Shares or otherwise. Every note, bond, contract or other undertaking issued by or on behalf of the Trust or the Trustees relating to the Trust or to a Series shall include a recitation limiting the obligation represented thereby to the Trust or to one or more Series and its or their assets (but the omission of such a recitation shall not operate to bind any Shareholder or Trustee of the Trust).
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