Resignation of Managing Trustees. Any Managing Trustee may resign at any time by delivering his resignation in writing to the Board of Trustees, to take effect at the time specified in the resignation; the acceptance of a resignation, unless required by its terms, shall not be necessary to make it effective.
Appears in 6 contracts
Samples: Trust Agreement (Centerline Holding Co), Trust Agreement (Charter Municipal Mortgage Acceptance Co), Trust Agreement (Chartermac)
Resignation of Managing Trustees. Any Managing Trustee may resign at any time by delivering his resignation in writing to the Board of Trustees, to take effect at the time specified in the resignation; the acceptance of a resignation, unless required by its terms, shall not be necessary to make it effective. No resignation of a Managing Trustee shall become effective until such Managing Trustee's successor shall have been elected.
Appears in 1 contract
Samples: Trust Agreement (Charter Municipal Mortgage Acceptance Co)
