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The Trustees may designate from time to time a successor resident in The Commonwealth of Massachusetts.", "snippet_links": [{"key": "the-trustees", "type": "clause", "offset": [0, 12]}, {"key": "commonwealth-of-massachusetts", "type": "definition", "offset": [52, 81]}, {"key": "agent-shall", "type": "definition", "offset": [88, 99]}, {"key": "corporation-system", "type": "definition", "offset": [116, 134]}, {"key": "from-time-to-time", "type": "clause", "offset": [212, 229]}, {"key": "resident-in", "type": "clause", "offset": [242, 253]}], "size": 13, "samples": [{"hash": "bQPomWQQT69", "uri": "/contracts/bQPomWQQT69#resident-agent", "label": "Fourth Amended and Restated Agreement and Declaration of Trust (Highland Opportunities & Income Fund)", "score": 37.0739212036, "published": true}, {"hash": "43gme7qUw4a", "uri": "/contracts/43gme7qUw4a#resident-agent", "label": "Second Amended and Restated Agreement and Declaration of Trust (Highland Global Allocation Fund)", "score": 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["notices", "Notices"], ["further-powers", "Further Powers"], ["shareholder-action-by-written-consent", "Shareholder Action by Written Consent"]], "title": "Resident Agent", "size": 869, "children": [["notice", "Notice"], ["quorum", "Quorum"], ["classified-or-reclassified-shares", "Classified or Reclassified Shares"], ["charter-and-bylaws", "Charter and Bylaws"], ["indemnification", "Indemnification"]], "id": "resident-agent", "related": [["registered-office-and-resident-agent", "Registered Office and Resident Agent", "Registered Office and <strong>Resident Agent</strong>"], ["management-agent", "Management Agent", "Management Agent"], ["general-manager", "General Manager", "General Manager"], ["name-office-and-registered-agent", "Name, Office and Registered Agent", "Name, Office and Registered Agent"], ["wells-fargo-name", "WELLS FARGO NAME", "WELLS FARGO NAME"]], "related_snippets": [], "updated": "2026-04-15T04:23:14+00:00", "also_ask": ["What are the minimum statutory requirements for a Resident Agent clause in this jurisdiction?", "How can the selection or replacement process for the Resident Agent be strategically negotiated?", "What are the key risks if the Resident Agent fails to perform or is not properly maintained?", "How do Resident Agent obligations and liabilities compare across relevant jurisdictions?", "What factors have courts considered when determining the enforceability of Resident Agent provisions?"], "drafting_tip": "Specify the agent\u2019s appointment and duties to ensure legal compliance; require a physical address to facilitate service of process; clarify replacement procedures to prevent lapses in representation.", "explanation": "The Resident Agent clause designates an individual or entity within a specific jurisdiction to receive legal documents and official notices on behalf of a business or organization. Typically, this agent must have a physical address in the state where the company is registered and is responsible for accepting service of process, such as lawsuits or government correspondence. This clause ensures that there is always a reliable point of contact for legal matters, thereby facilitating compliance with state requirements and helping to prevent missed legal notifications."}, "json": true, "cursor": ""}}