Statement of Purpose; Duties and Powers of the Trust. (a) The Trust is a passive investment vehicle that is not actively managed. The sole purpose of the Trust is to hold Swiss Francs on behalf of the Registered Owners. The Trust shall have no directors or persons acting in similar capacity and no officers or employees, and shall act only through the Trustee and the Sponsor.
Appears in 3 contracts
Samples: Depositary Trust Agreement, Depositary Trust Agreement (Currencyshares Swiss Franc Trust), Trust Agreement (Currencyshares Swiss Franc Trust)
Statement of Purpose; Duties and Powers of the Trust. (a) The Trust is a passive investment vehicle that is not actively managed. The sole purpose of the Trust is to hold Swiss Francs Swedish Kronor on behalf of the Registered Owners. The Trust shall have no directors or persons acting in similar capacity and no officers or employees, and shall act only through the Trustee and the Sponsor.
Appears in 2 contracts
Samples: Depositary Trust Agreement (Currencyshares Swedish Krona Trust), Trust Agreement (Currencyshares Swedish Krona Trust)
