Redemptions of Shares by the Trustees. The Trustees may, at their option, call for the redemption of the Shares of any Person or may refuse to transfer or issue Shares to any Person to the extent that the same is necessary to comply with applicable law or advisable to further the purposes for which the Trust is formed. To the extent permitted by law, the Trustees may retain the proceeds of any redemption of Shares required by them for payment of amounts due and owing by a Shareholder to the Trust or to the Portfolio.
Appears in 5 contracts
Samples: Trust Agreement (Aim Select Real Estate Income Fund), Agreement and Declaration of Trust (Aim Select Real Estate Income Fund), Agreement and Declaration of Trust (Aim Select Real Estate Income Fund)
Redemptions of Shares by the Trustees. The Trustees may, at their option, call for the redemption of the Shares of any Person or may refuse to transfer or issue Shares to any Person to the extent that the same is necessary to comply with applicable law or advisable to further the purposes for which the Trust is formed. To the extent permitted by law, the Trustees may retain the proceeds of any redemption of Shares required by them for payment of amounts due and owing by a Shareholder to the Trust or to the PortfolioTrust.
Appears in 2 contracts
Samples: Trust Agreement (Bancroft Fund LTD), Trust Agreement (Ellsworth Fund LTD)
