Personal Liability. With respect to any Fund that is organized as an unincorporated business trust under the laws of the Commonwealth of Massachusetts, its Declaration of the Trust (each, a "Declaration") is on file in the office of the Secretary of the Commonwealth of Massachusetts. Each Declaration provides that the name of the Fund refers to the Trustees under the Declaration collectively as Trustees, but not as individuals or personally; and no Trustee, shareholder, officer, employee or agent of any Fund shall be held to any personal liability, nor shall resort be had to their private property for the satisfaction of any obligation or claim or otherwise, in connection with the affairs of any Fund, but the Trust Estate only shall be liable.
Appears in 146 contracts
Samples: Dean Witter (Witter Dean Tax Exempt Securities Trust), Morgan Stanley (Morgan Stanley Dean Witter Mid Cap Dividend Growth Sec), Dean Witter (Dean Witter Balanced Growth Fund)
Personal Liability. With respect to any Fund that is organized as an unincorporated business trust under the laws of the Commonwealth of Massachusetts, its Declaration of the Trust (each, a "“Declaration"”) is on file in the office of the Secretary of the Commonwealth of Massachusetts. Each Declaration provides that the name of the Fund refers to the Trustees under the Declaration collectively as Trustees, but not as individuals or personally; and no Trustee, shareholder, officer, employee or agent of any such Fund shall be held to any personal liability, nor shall resort be had to their private property for the satisfaction of any obligation or claim or otherwise, in connection with the affairs of any Fund, but the Trust Estate trust estate only shall be liable.
Appears in 9 contracts
Samples: Distribution Agreement (Morgan Stanley Insight Fund), Distribution Agreement (Morgan Stanley Tax Free Daily Income Trust), Distribution Agreement (Morgan Stanley Mortgage Securities Trust)
Personal Liability. With respect to any Fund that is organized as an unincorporated business trust under the laws of the Commonwealth of Massachusetts, its Declaration of the Trust (each, a "Declaration") is on file in the office of the Secretary of the Commonwealth of Massachusetts. Each Declaration provides that the name of the Fund refers to the Trustees under the Declaration collectively as Trustees, but not as individuals or personally; and no Trustee, shareholder, officer, employee or agent of any such Fund shall be held to any personal liability, nor shall resort be had to their private property for the satisfaction of any obligation or claim or otherwise, in connection with the affairs of any Fund, but the Trust Estate trust estate only shall be liable.
Appears in 7 contracts
Samples: Distribution Agreement (Morgan Stanley Series Funds), Distribution Agreement (Morgan Stanley Small Mid Special Value Fund), Distribution Agreement (Morgan Stanley Series Funds)
Personal Liability. With respect to any The Declaration of Trust establishing each Fund that is organized as an unincorporated a Massachusetts business trust under trust, together with all amendments thereto (the laws of the Commonwealth of Massachusetts, its Declaration of the Trust (each, a "Declaration") ), which is on file in the office of the Secretary of the Commonwealth of Massachusetts. Each Declaration , provides that the name of the Fund refers to the Trustees under the Declaration collectively as Trustees, but not as individuals or personally; and no Trustee, shareholder, officer, employee or agent of any a Fund shall be held to any personal liability, nor shall resort be had to their private property for the satisfaction of any obligation or claim or otherwise, otherwise in connection with the affairs of any a Fund, but the Trust Estate trust property only shall be liable.. ********************
Appears in 6 contracts
Samples: Distribution Agreement (Blackrock Global Emerging Markets Fund, Inc.), Distribution Agreement (Blackrock Global Smallcap Fund, Inc.), Distribution Agreement (Blackrock International Value Trust)
Personal Liability. With respect to any The Declaration of Trust establishing each Fund that is organized as an unincorporated a Massachusetts business trust under trust, together with all amendments thereto (the laws of the Commonwealth of Massachusetts, its Declaration of the Trust (each, a "Declaration") ), which is on file in the office of the Secretary of the Commonwealth of Massachusetts. Each Declaration , provides that the name of the Fund refers to the Trustees under the Declaration collectively as Trustees, but not as individuals or personally; and no Trustee, shareholder, officer, employee or agent of any a Fund shall be held to any personal liability, nor shall resort be had to their private property for the satisfaction of any obligation or claim or otherwise, otherwise in connection with the affairs of any a Fund, but the Trust Estate trust property only shall be liable.
Appears in 6 contracts
Samples: Distribution Agreement (Merrill Lynch Adjustable Rate Securities Fund Inc), Distribution Agreement (Merrill Lynch Growth Fund), Distribution Agreement (Merrill Lynch Bond Fund Inc)
Personal Liability. With respect to any The Declaration of Trust establishing each Fund that is organized as an unincorporated a Massachusetts business trust under trust, together with all amendments thereto (the laws of the Commonwealth of Massachusetts“Declaration”), its Declaration of the Trust (each, a "Declaration") which is on file in the office of the Secretary of the Commonwealth of Massachusetts. Each Declaration , provides that the name of the Fund refers to the Trustees under the Declaration collectively as Trustees, but not as individuals or personally; and no Trustee, shareholder, officer, employee or agent of any a Fund shall be held to any personal liability, nor shall resort be had to their private property for the satisfaction of any obligation or claim or otherwise, otherwise in connection with the affairs of any a Fund, but the Trust Estate trust property only shall be liable.. ********************
Appears in 3 contracts
Samples: Distribution Agreement (Blackrock Multi State Municipal Series Trust), Distribution Agreement (Blackrock Municipal Bond Fund, Inc.), Distribution Agreement (Blackrock Natural Resources Trust)
Personal Liability. With respect to any The Declaration of Trust establishing each ------------------ Fund that is organized as an unincorporated a Massachusetts business trust under trust, together with all amendments thereto (the laws of the Commonwealth of Massachusetts, its Declaration of the Trust (each, a "Declaration") ), which is on file in the office of the Secretary of the Commonwealth of Massachusetts. Each Declaration , provides that the name of the Fund refers to the Trustees under the Declaration collectively as Trustees, but not as individuals or personally; and no Trustee, shareholder, officer, employee or agent of any a Fund shall be held to any personal liability, nor shall resort be had to their private property for the satisfaction of any obligation or claim or otherwise, otherwise in connection with the affairs of any a Fund, but the Trust Estate trust property only shall be liable.
Appears in 2 contracts
Samples: Distribution Agreement (Merrill Lynch Capital Fund Inc), Distribution Agreement (Merrill Lynch Mid Cap Growth Fund Inc)
Personal Liability. With respect to any The Declaration of Trust establishing each Fund that is organized as an unincorporated a Massachusetts business trust under trust, together with all amendments thereto (the laws of the Commonwealth of Massachusetts“Declaration”), its Declaration of the Trust (each, a "Declaration") which is on file in the office of the Secretary of the Commonwealth of Massachusetts. Each Declaration , provides that the name of the Fund refers to the Trustees under the Declaration collectively as Trustees, but not as individuals or personally; and no Trustee, shareholder, officer, employee or agent of any a Fund shall be held to any personal liability, nor shall resort be had to their private property for the satisfaction of any obligation or claim or otherwise, otherwise in connection with the affairs of any a Fund, but the Trust Estate trust property only shall be liable.
Appears in 1 contract
Samples: Distribution Agreement (Merrill Lynch Corporate Bond Fund Inc/Ny)
Personal Liability. With respect to any The Declaration of Trust establishing each Fund that is organized as an unincorporated a Massachusetts business trust under trust, together with all amendments thereto (the laws of the Commonwealth of Massachusetts“Declaration”), its Declaration of the Trust (each, a "Declaration") which is on file in the office of the Secretary of the Commonwealth of Massachusetts. Each Declaration , provides that the name of the Fund refers to the Trustees under the Declaration collectively as Trustees, but not as individuals or personally; and no Trustee, shareholder, officer, employee or agent of any a Fund shall be held to any personal liability, nor shall resort be had to their private property property, for the satisfaction of any obligation or claim or otherwise, otherwise in connection with the affairs of any a Fund, but the Trust Estate trust property only shall be liable.
Appears in 1 contract
Samples: Distribution Agreement (BlackRock Advantage U.S. Total Market Fund, Inc.)
