Registration of Assets. Any assets owned by the Fund may be registered in the Fund name, or in the name of a nominee, or a "street name." Any corporation, brokerage firm or transfer agent called upon to transfer any assets to or from the name of the Fund shall be entitled to rely upon instructions or assignments signed by a Director or an agent of the Board of Directors without inquiry as to the authority of the person signing or purporting to sign such instructions or assignments or as to the validity of any transfer to or from the name of the Fund; provided, that any corporation, brokerage firm or transfer agent holding cash or assets of the Fund shall be expected to comply with any special instructions concerning payment and delivery given to it in writing by a Director.
Appears in 4 contracts
Samples: Operating Agreement (Asa Hedged Equity Fund LLC), Limited Liability Company Operating Agreement (Asa Market Neutral Equity Fund LLC), Limited Liability Company Operating Agreement (Asa Managed Futures Fund LLC)
