Common use of Status of Shares and Limitation of Personal Liability Clause in Contracts

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this instrument. Every shareholder by virtue of having become a shareholder shall be deemed to have expressly assented to and agreed to be bound by the terms hereof and to have become a party hereto. The death of a shareholder during the continuance of the Trust shall not operate to terminate the same nor entitle the representative of such deceased shareholder to an accounting or to take any action in court or elsewhere against the Trust or the Board of Trustees, but only to the rights of said decedent under this Trust. Ownership of shares shall not entitle the shareholder to any title in or to the whole or any part of the Trust property or right to call for a partition or division of the same or for an accounting, nor shall the ownership of shares constitute the shareholders to be partners. Neither the Trust nor the Board of Trustees, nor any officer, employee or agent of the Trust shall have any power to bind personally any shareholder, nor, except as specifically provided herein, to call upon any shareholder for the payment of any sum of money or assessment whatsoever other than such as the shareholder may at any time personally agree to pay.

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this instrumentDeclaration or the Bylaws. Every shareholder Shareholder by virtue of having become a shareholder Shareholder shall be deemed held to have expressly assented to and agreed to be bound by the terms hereof of this Declaration and the Bylaws and to have become a party heretohereto and thereto. The death of a shareholder Shareholder during the continuance of the Trust shall not operate to terminate the same nor entitle the representative of such any deceased shareholder Shareholder to an accounting or to take any action in court or elsewhere against the Trust or the Board of Trustees, but only to the rights of said decedent under this Trust. Ownership of shares Shares shall not entitle the shareholder Shareholder to any title in or to the whole or any part of the Trust property or right to call for a partition or division of the same or for an accounting, nor shall the ownership of shares Shares constitute the shareholders to be Shareholders partners. Neither None of the Trust nor Trust, the Board of Trustees, nor and any officer, employee or agent of the Trust shall have any power to bind personally any shareholderShareholder, noror, except as specifically provided herein, to call upon any shareholder Shareholder for the payment of any sum of money or assessment whatsoever other than such as the shareholder Shareholder may at any time personally agree to pay.

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this instrument. Every shareholder Shareholder, by virtue of having become a shareholder Shareholder shall be deemed held to have expressly assented to and agreed to be bound by the terms hereof and to have become a party hereto. The death of a shareholder Shareholder during the continuance existence of the Trust shall not operate to terminate the same Trust, nor entitle the representative of such any deceased shareholder Shareholder to an accounting or to take any action in court or elsewhere against the Trust or the Board of Trustees, but entitles such representative only to the rights of said decedent deceased Shareholder under this Trust. Ownership of shares Shares shall not entitle the shareholder Shareholder to any title in or to the whole or any part of the Trust property or right to call for a partition or division of the same or for an accounting, nor shall the ownership of shares Shares constitute the shareholders to be Shareholders as partners. Neither the Trust nor the Board of Trustees, nor any officer, employee or agent of the Trust shall have any power to bind personally any shareholderShareholders, nor, except as specifically provided herein, to call upon any shareholder Shareholder for the payment of any sum of money or assessment whatsoever other than such as the shareholder Shareholder may at any time personally agree to pay.

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this instrument. Every shareholder Shareholder, by virtue of having become a shareholder Shareholder, shall be deemed held to have expressly assented to and agreed to be bound by the terms hereof and to have become a party hereto. The death of a shareholder Shareholder during the continuance existence of the Trust shall not operate to terminate the same Trust, nor entitle the representative of such any deceased shareholder Shareholder to an accounting or to take any action in court or elsewhere against the Trust or the Board of Trustees, but entitles such representative only to the rights of said decedent deceased Shareholder under this Trust. Ownership of shares Shares shall not entitle the shareholder Shareholder to any title in or to the whole or any part of the Trust property Property or right to call for a partition or division of the same or for an accounting, nor shall the ownership of shares Shares constitute the shareholders to be Shareholders as partners. Neither the Trust nor the Board of Trustees, nor any officer, employee or agent of the Trust Trust, shall have any power to bind personally any shareholderShareholder, nor, except as specifically provided herein, to call upon any shareholder Shareholder for the payment of any sum of money or assessment whatsoever other than such as the shareholder Shareholder may at any time personally agree to pay.

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this instrument. Every shareholder Shareholder by virtue of having become a shareholder Shareholder shall be deemed held to have expressly assented to and agreed to be bound by the terms hereof and to have become a party hereto. The death of a shareholder Shareholder during the continuance of the Trust shall not operate to terminate the same nor entitle the representative of such any deceased shareholder Shareholder to an accounting or to take any action in court or elsewhere against the Trust or the Board of Trustees, but entitles such representative only to the rights of said decedent deceased Shareholder under this Trust. Ownership of shares Shares shall not entitle the shareholder Shareholder to any title in or to the whole or any part of the Trust property or right to call for a partition or division of the same or for an accounting, nor shall the ownership of shares Shares constitute the shareholders to be Shareholders partners. Neither the Trust nor the Board of Trustees, nor any officer, employee or agent of the Trust Trust, shall have any power to bind personally any shareholderShareholders, nor, except as specifically provided herein, to call upon any shareholder Shareholder for the payment of any sum of money or assessment whatsoever other than such as the shareholder Shareholder may at any time personally agree to pay.

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this instrument. Every shareholder Shareholder by virtue of having become a shareholder Shareholder shall be deemed held to have expressly assented to and agreed to be bound by the terms hereof and to have become a party heretohereof. The death death, incapacity, dissolution, termination, or bankruptcy of a shareholder Shareholder during the continuance existence of the Trust shall not operate to terminate the same Trust, nor entitle the representative of any such deceased shareholder Shareholder to an accounting or to take any action in court or elsewhere against the Trust or the Board of Trustees, but entitles such representative only to the rights of said decedent such Shareholder under this Trust. Ownership of shares Shares shall not entitle the shareholder Shareholder to any title in or to the whole Whole or any part of the Trust property Property or right to call for a partition participation or division of the same or for an accounting, nor shall the ownership of shares Shares constitute the shareholders to be Shareholders as partners. Neither the Trust nor the Board of Trustees, nor any officer, employee employee, or agent of the Trust shall have any power to bind personally any shareholderShareholders, nor, except as specifically provided herein, to call upon any shareholder Shareholder for the payment of any sum of money or assessment whatsoever other than such as the shareholder Shareholder may at any time personally agree to pay.

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this instrument. Every shareholder Shareholder, by virtue of having become a shareholder Shareholder, shall be deemed held to have expressly assented to and agreed to be bound by the terms hereof and to have become a party hereto. The death of a shareholder Shareholder during the continuance of the Trust shall not operate to terminate the same Trust or any Sub-Trust thereof nor entitle the representative of such any deceased shareholder Shareholder to an accounting or to take any action in court or elsewhere against the Trust or the Board of Trustees, but only to the rights of said decedent under this Trust. Ownership of shares Shares shall not entitle the shareholder Shareholder to any title in or to the whole or any part of the Trust property or right to call for a partition or division of the same or for an accounting, nor shall the ownership of shares Shares constitute the shareholders to be Shareholders as partners. Neither the Trust nor the Board of Trustees, nor any officer, employee or agent of the Trust shall have any power to bind personally any shareholderShareholder, nor, except as specifically provided herein, to call upon any shareholder Shareholder for the payment of any sum of money or assessment whatsoever other than such as the shareholder Shareholder may at any time personally agree to pay.

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this instrument. Every shareholder Shareholder, by virtue of having become a shareholder Shareholder, shall be deemed held to have expressly assented to and agreed to be bound by the terms hereof and to have become a party hereto. The death of a shareholder Shareholder during the continuance of the Trust shall not operate to terminate the same Trust or any Sub-Trust thereof nor entitle the representative of such any deceased shareholder Shareholder to an accounting or to take any action in court or elsewhere against the Trust or the Board of Trustees, but only to the rights of said decedent under this Trust. Ownership of shares Shares shall not entitle the shareholder Shareholder to any title in or to the whole or any part of the Trust property or right to call for a partition or division of the same or for an any accounting, nor shall the ownership of shares Shares constitute the shareholders to be Shareholder’s partners. Neither the Trust nor the Board of Trustees, nor any officer, employee or agent of the Trust shall have any power to bind personally any shareholderShareholder, nor, except as specifically provided herein, to call upon any shareholder Shareholder for the payment of any sum of money or assessment whatsoever other than such as the shareholder Shareholder may at any time personally agree to pay.. Table of Contents

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only --------- the rights provided in this instrument. Every shareholder Shareholder by virtue of having become a shareholder Shareholder shall be deemed held to have expressly assented to and agreed to be bound by the terms hereof of this Declaration of Trust and to have become a party hereto. The death of a shareholder Shareholder during the continuance of the Trust shall not operate to terminate the same nor entitle the representative of such any deceased shareholder Shareholder to an accounting or to take any action in court or elsewhere against the Trust or the Board of Trustees, but only to the rights of said decedent under this Trust. Ownership of shares Shares shall not entitle the shareholder Shareholder to any title in or to the whole or any part of the Trust property or right to call for a partition or division of the same or for an accounting, nor shall the ownership of shares Shares constitute the shareholders to be Shareholders partners. Neither the Trust nor the Board of Trustees, nor any officer, employee or agent of the Trust shall have any power to bind personally any shareholderShareholder, nor, except as specifically provided herein, to call upon any shareholder Shareholder for the payment of any sum of money or assessment whatsoever other than such as the shareholder Shareholder may at any time personally agree to pay.

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this instrumentDeclaration of Trust. Every shareholder Shareholder by virtue of having become a shareholder Shareholder shall be deemed held to have expressly assented to and agreed to be bound by the terms hereof and to have become a party heretohereof. The death death, incapacity, dissolution, termination or bankruptcy of a shareholder Shareholder during the continuance existence of the Trust shall not operate to terminate the same Trust, nor entitle the representative of any such deceased shareholder Shareholder to an accounting or to take any action in court or elsewhere against the Trust or the Board of Trustees, but entitles such representative only to the rights of said decedent such Shareholder under this Trust. Ownership of shares Shares shall not entitle the shareholder Shareholder to any title in or to the whole or any part of the Trust property Property or right to call for a partition or division of the same or for an accounting, nor shall the ownership of shares Shares constitute the shareholders to be Shareholders as partners. Neither the Trust nor the Board of Trustees, nor any officer, employee or agent of the Trust shall have any power to bind personally any shareholderShareholders, nor, except as specifically provided herein, to call upon any shareholder Shareholder for the payment of any sum of money or assessment whatsoever other than such as the shareholder Shareholder may at any time personally agree to pay.

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this instrument. Every shareholder Shareholder by virtue of having become a shareholder Shareholder shall be deemed held to have expressly assented to and agreed to be bound by the terms hereof and to have become a party hereto. The death of a shareholder Shareholder during the continuance of the Trust shall not operate to terminate the same Trust or any Series of Shares thereof nor entitle the representative of such any deceased shareholder Shareholder to an accounting or to take any action in court or elsewhere against the Trust or the Board of Trustees, but only to the rights of said decedent decent under this Trust. Ownership of shares Shares shall not entitle the shareholder Shareholder to any title in or to the whole or any part of the Trust property Property or right to call for a partition or division of the same or for an accounting, nor shall the ownership of shares Shares constitute the shareholders to be Shareholders partners. Neither the Trust nor the Board of Trustees, Trustees nor any officer, employee or agent of the Trust shall have any power to neither bind personally any shareholder, Shareholder nor, except as specifically provided herein, to call upon any shareholder Shareholder for the payment of any sum of money or assessment whatsoever other than such as the shareholder Shareholder may at any time personally agree to pay.

Status of Shares and Limitation of Personal Liability. Shares --------- ----------------------------------------------------- shall be deemed to be personal property giving only the rights provided in this instrument. Every shareholder Shareholder by virtue of having become a shareholder Shareholder shall be deemed held to have expressly assented to and agreed to be bound by the terms hereof and to have become a party hereto. The death of a shareholder Shareholder during the continuance of the Trust shall not operate to terminate the same nor entitle the representative of such any deceased shareholder Shareholder to an accounting or to take any action in court or elsewhere against the Trust or the Board of Trustees, but entitles such representative only to the rights of said decedent deceased Shareholder under this Trust. Ownership of shares Shares shall not entitle the shareholder Shareholder to any title in or to the whole or any part of the Trust property or right to call for a partition or division of the same or for an accounting, nor shall the ownership of shares Shares constitute the shareholders to be partnersShareholders partners of each other. Neither the Trust nor the Board of Trustees, nor any officer, employee or agent of the Trust shall have any power to bind personally any shareholderShareholders, nor, nor except as specifically provided herein, herein to call upon any shareholder Shareholder for the payment of any sum of money or assessment whatsoever other than such as the shareholder Shareholder may at any time personally agree to pay.