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 Agreement and the Act. Every Shareholder by virtue of having become a Shareholder shall be held to have expressly assented and agreed to be bound by the terms hereof. The death, incapacity, dissolution, termination or bankruptcy of a Shareholder during the existence of the Company shall not, in and of itself, operate to dissolve or terminate the Company or any Series or Class thereof, nor entitle the representative of any such Shareholder to an accounting or to take any action in court or elsewhere against the Company or the Directors, but entitles such representative only to the rights of such Shareholder under this Agreement. Ownership of Shares shall not entitle the Shareholder to any title in or to the whole or any part of the Company 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 as partners. Neither the Company nor the Directors, nor any officer, employee or agent of the Company shall have any power to bind personally any Shareholders, 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.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Master Bond LLC), Limited Liability Company Agreement (Master Bond LLC)

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Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this Agreement and Declaration of Trust or the ActBylaws. Every Shareholder by virtue of having become a Shareholder shall be held to have expressly assented and agreed to be bound by the terms hereofof this Declaration of Trust and the Bylaws (including any amendments thereto that may be adopted subsequent to their becoming a shareholder) and to have become a party hereto and thereto. The death, incapacity, dissolution, termination or bankruptcy death of a Shareholder during the existence continuance of the Company Trust shall not, in and of itself, not operate to dissolve or terminate the Company or any Series or Class thereof, same nor entitle the representative of any such deceased Shareholder to an accounting or to take any action in court or elsewhere against the Company Trust or the DirectorsTrustees, but entitles such representative only to the rights of such Shareholder said decedent under this AgreementTrust. Ownership of Shares shall not entitle the Shareholder to any title in or to the whole or any part of the Company Property 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 as partners. Neither the Company Trust nor the DirectorsTrustees, nor any officer, employee or agent of the Company Trust shall have any power to bind personally any ShareholdersShareholder, nor, nor except as specifically provided herein, 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.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (JOHCM Funds Trust), Agreement and Declaration of Trust (JOHCM Funds Trust)

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this Agreement and the ActDeclaration of Trust. Every Shareholder by virtue of having become a Shareholder shall be held to have expressly assented and agreed to be bound by the terms hereof. The death, incapacity, dissolution, termination or bankruptcy of a Shareholder during the existence of the Company Trust shall not, in and of itself, not operate to dissolve or terminate the Company or any Series or Class thereofTrust, nor entitle the representative of any such Shareholder to an accounting or to take any action in court or elsewhere against the Company Trust or the DirectorsTrustees, but entitles such representative only to the rights of such Shareholder under this AgreementTrust. Ownership of Shares shall not entitle the Shareholder to any title in or to the whole or any part of the Company 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 as partners. Ownership of Shares shall not make the Shareholders third-party beneficiaries of any contracts entered into by the Trust. Neither the Company Trust nor the DirectorsTrustees, nor any officer, employee or agent of the Company Trust shall have any power to bind personally any ShareholdersShareholder, 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.

Appears in 1 contract

Samples: Trust Agreement (Ivy NextShares)

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this Agreement and the Actinstrument. Every Shareholder by virtue of having become a Shareholder shall be held to have expressly assented and agreed to be bound by the terms hereofof this Declaration of Trust and the By-Laws (each as amended from time to time) and to have become a party thereto. The death, incapacity, dissolution, termination or bankruptcy death of a Shareholder during the existence continuance of the Company Trust shall not, in and of itself, not operate to dissolve or terminate the Company or any Series or Class thereof, same nor entitle the representative of any such deceased Shareholder to an accounting or to take any action in court or elsewhere against the Company Trust or the DirectorsTrustees, but entitles such representative only to the rights of such said deceased Shareholder under this AgreementTrust. Ownership of Shares shall not entitle the Shareholder to any title in or to the whole or any part of the Company Property 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 as partners. Neither the Company Trust nor the DirectorsTrustees, nor any officer, employee or agent of the Company Trust shall have any power to bind personally any Shareholders, nor, 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.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (GMO Series Trust)

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this Agreement Declaration of Trust and the ActBy-Laws of the Trust. Every Shareholder by virtue of having become a Shareholder shall be held to have expressly assented and agreed to be bound by the terms hereof. The death, incapacity, dissolution, termination or bankruptcy of a Shareholder during the existence of the Company Trust shall not, in and of itself, not operate to dissolve or terminate the Company or any Series or Class thereofTrust, nor entitle the representative of any such Shareholder to an accounting or to take any action in court or elsewhere against the Company Trust or the DirectorsTrustees, but entitles shall entitle such representative only to the rights of such Shareholder under this AgreementDeclaration of Trust. Ownership of Shares shall not entitle the a Shareholder to any title in or to the whole or any part of 107934, v0.3 the Company 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 as partnerspartners or joint venturers. Neither the Company Trust nor the DirectorsTrustees, nor any officer, employee or nor agent of the Company Trust shall have any power to bind personally any ShareholdersShareholder, nor, except as specifically provided herein, or 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.

Appears in 1 contract

Samples: Amended and Restated Agreement and Declaration of Trust (Vanguard Whitehall Funds)

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this Agreement and the Actinstrument. Every Shareholder Shareholder, by virtue of having become a Shareholder Shareholder, shall be held to have expressly assented and agreed to be bound by the terms hereofhereof and to have become a party hereto. The death, incapacity, dissolution, termination termination, or bankruptcy of a Shareholder during the existence of the Company Trust shall not, in and of itself, not operate to dissolve or terminate the Company or any Series or Class thereofTrust, nor entitle the representative of any such deceased Shareholder to an accounting or to take any action in court or elsewhere against the Company Trust or the DirectorsTrustees, but entitles such representative only to the rights of such said deceased Shareholder under this AgreementTrust. Ownership of Shares shall not entitle the Shareholder to any title in or to the whole or any part of the Company 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 as partners. Neither the Company Trust nor the DirectorsTrustees, nor any officer, employee or agent of the Company Trust shall have any power to bind personally any ShareholdersShareholder, 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.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Montgomery Funds Iii)

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this Agreement and the ActAmended Declaration of Trust. Every Shareholder by virtue of having become a Shareholder acquiring Shares shall be held to have expressly assented and agreed to be bound by the terms hereofhereof and to have become a party hereto. The death, incapacity, dissolution, termination termination, or bankruptcy of a Shareholder during the existence continuance of the Company Trust shall not, in and of itself, not operate to dissolve or terminate the Company Trust or any Series or Class thereof, Sub-Trust thereof nor entitle the representative of any such Shareholder to an accounting or to take any action in court or elsewhere against the Company Trust or the DirectorsTrustees, but entitles such representative only to the rights of such Shareholder under this AgreementTrust. Ownership of Shares shall not entitle the Shareholder to any title tide in or to the whole or any part of the Company Property 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 as partners. Neither the Company Trust nor the Directors, Trustees nor any officer, employee or agent of the Company Trust shall have any power to bind personally any ShareholdersShareholder, nor, nor except as specifically provided herein, 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.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (LKCM Fund)

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this Agreement Declaration of Trust and the ActBy-Laws of the Trust. Every Shareholder by virtue of having become a Shareholder shall be held to have expressly assented and agreed to be bound by the terms hereof. The death, incapacity, dissolution, termination or bankruptcy of a Shareholder during the existence of the Company Trust shall not, in and of itself, not operate to dissolve or terminate the Company or any Series or Class thereofTrust, nor entitle the representative of any such Shareholder to an 48679, v0.7 4 accounting or to take any action in court or elsewhere against the Company Trust or the DirectorsTrustees, but entitles shall entitle such representative only to the rights of such Shareholder under this AgreementDeclaration of Trust. Ownership of Shares shall not entitle the a Shareholder to any title in or to the whole or any part of the Company 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 as partnerspartners or joint venturers. Neither the Company Trust nor the DirectorsTrustees, nor any officer, employee or nor agent of the Company Trust shall have any power to bind personally any ShareholdersShareholder, nor, except as specifically provided herein, or 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.

Appears in 1 contract

Samples: Amended and Restated Agreement and Declaration of Trust (Vanguard Scottsdale Funds)

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this Agreement Declaration of Trust and the ActBy-Laws of the Trust. Every Shareholder by virtue of having become a Shareholder shall be held to have expressly assented and agreed to be bound by the terms hereof. The death, incapacity, dissolution, termination or bankruptcy of a Shareholder during the existence of the Company Trust shall not, in and of itself, not operate to dissolve or terminate the Company or any Series or Class thereofTrust, nor entitle the representative of any such Shareholder to an accounting or to take any action in court or elsewhere against the Company Trust or the DirectorsTrustees, but entitles shall entitle such representative only to the rights of such Shareholder under this AgreementDeclaration of Trust. 108670, v0.2 8 Ownership of Shares shall not entitle the a Shareholder to any title in or to the whole or any part of the Company 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 as partnerspartners or joint venturers. Neither the Company Trust nor the DirectorsTrustees, nor any officer, employee or nor agent of the Company Trust shall have any power to bind personally any ShareholdersShareholder, nor, except as specifically provided herein, or 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.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Vanguard Valley Forge Funds)

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this Agreement Declaration of Trust and the ActBy-Laws of the Trust. Every Shareholder by virtue of having become a Shareholder shall be held to have expressly assented and agreed to be bound by the terms hereof. The death, incapacity, dissolution, termination or bankruptcy of a Shareholder during the existence of the Company Trust shall not, in and of itself, not operate to dissolve or terminate the Company or any Series or Class thereofTrust, nor entitle the representative of any such Shareholder to an 48030, v0.3 4 accounting or to take any action in court or elsewhere against the Company Trust or the DirectorsTrustees, but entitles shall entitle such representative only to the rights of such Shareholder under this AgreementDeclaration of Trust. Ownership of Shares shall not entitle the a Shareholder to any title in or to the whole or any part of the Company 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 as partnerspartners or joint venturers. Neither the Company Trust nor the DirectorsTrustees, nor any officer, employee or nor agent of the Company Trust shall have any power to bind personally any ShareholdersShareholder, nor, except as specifically provided herein, or 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.

Appears in 1 contract

Samples: Amended and Restated Agreement and Declaration of Trust (Vanguard Admiral Funds)

Status of Shares and Limitation of Personal Liability. Shares shall be deemed deetned to be personal property giving only the rights provided in this Agreement Declaration of Trust and the ActBy-Laws of the Trust. Every Shareholder by virtue of having become a Shareholder shall be held to have expressly assented and agreed to be bound by the terms hereof. The death, incapacity, dissolution, termination or bankruptcy of a Shareholder during the existence of the Company Trust shall not, in and of itself, not operate to dissolve or terminate the Company or any Series or Class thereofTrust, nor entitle the representative of any such Shareholder to an accounting or to take any action in court or elsewhere against the Company Trust or the DirectorsTrustees, but entitles shall entitle such representative only to the rights of such Shareholder under this AgreementDeclaration of Trust. Ownership of Shares shall not entitle the a Shareholder to any title in or to the whole or any part of the Company 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 as partnerspartners or joint venturers. Neither the Company Trust nor the DirectorsTrustees, nor any officer, employee or ernployee nor agent of the Company Trust shall have any power to bind personally any ShareholdersShareholder, nor, except as specifically provided herein, or to call upon any Shareholder for the payment of any sum surn of money or assessment whatsoever other than such as the Shareholder may at any time personally agree to pay.

Appears in 1 contract

Samples: Amendment to Agreement and Declaration of Trust (Vanguard Whitehall Funds)

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this Agreement and the ActDeclaration of Trust. Every Shareholder by virtue of having become a Shareholder acquiring Shares shall be held to have expressly assented and agreed to be bound by the terms hereofhereof and to have become a party hereto. The death, incapacity, dissolution, termination termination, or bankruptcy of a Shareholder during the existence continuance of the Company Trust shall not, in and of itself, not operate to dissolve or terminate the Company Trust or any Series or Class thereof, Sub-Trust thereof nor entitle the representative of any such Shareholder to an accounting or to take any action in court or elsewhere against the Company Trust or the DirectorsTrustees, but entitles such representative only to the rights of such Shareholder under this AgreementTrust. Ownership of Shares shall not entitle the Shareholder to any title tide in or to the whole or any part of the Company Property 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 as partners. Neither the Company Trust nor the Directors, Trustees nor any officer, employee or agent of the Company Trust shall have any power to bind personally any ShareholdersShareholder, nor, nor except as specifically provided herein, 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.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (LKCM Fund)

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this Agreement Declaration of Trust and the ActBy-Laws of the Trust. Every Shareholder by virtue of having become a Shareholder shall be held to have expressly assented and agreed to be bound by the terms hereof. The death, incapacity, dissolution, termination terrnination or bankruptcy of a Shareholder during the existence of the Company Trust shall not, in and of itself, not operate to dissolve or terminate terrninate the Company or any Series or Class thereofTrust, nor entitle the representative of any such Shareholder to an accounting or to take any action in court or elsewhere against the Company Trust or the DirectorsTrustees, but entitles shall entitle such representative only to the rights of such Shareholder under this AgreementDeclaration of Trust. Ownership of Shares shall not entitle the a Shareholder to any title in or to the whole or any part of the Company Trust Property or right to call for a partition or division of the same sarne or for an accounting, nor shall the ownership of Shares constitute the Shareholders as partnerspartners or joint venturers. Neither the Company Trust nor the DirectorsTrustees, nor any officer, employee or nor agent of the Company Trust shall have any power to bind personally any ShareholdersShareholder, nor, except as specifically provided herein, or 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.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Vanguard Charlotte Funds)

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Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this Agreement and the Actinstrument. Every Shareholder by virtue of having become a Shareholder shall be held to have expressly assented and agreed to be bound by the terms hereof. The death, incapacity, dissolution, termination or bankruptcy of a Shareholder during the existence of the Company shall not, in and of itself, not operate to dissolve or terminate the Company or any Series or Class thereofCompany, nor entitle the representative of any such Shareholder to an accounting or to take any action in court or elsewhere against the Company or the Directors, but entitles such representative only to the rights of such Shareholder under this AgreementCompany. Ownership of Shares shall not entitle the Shareholder to any title in or to the whole or any part of the Company 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 as partners. Neither the Company nor the Directors, nor any officer, employee or agent of the Company shall have any power to bind personally any Shareholders, 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Master Commodity Strategies LLC)

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this Agreement and the ActDeclaration of Trust. Every Shareholder Each Shareholder, by virtue of having become a Shareholder Shareholder, shall be held to have expressly assented and agreed to be bound by the terms hereofhereof and to have become a party hereto. The death, incapacity, dissolution, termination or bankruptcy death of a Shareholder during the existence of the Company Trust shall not, in and of itself, neither operate to dissolve or terminate the Company or any Series or Class thereofTrust, nor entitle the representative of any such deceased Shareholder to an accounting or to take any action in court or elsewhere against the Company Trust or the DirectorsTrustees, but entitles such representative only to the rights of such said deceased Shareholder under this AgreementTrust. Ownership of Shares shall not entitle the Shareholder to any title in or to the whole or any part of the Company Property Trust property, other than as specified in this Declaration of Trust, or right to call for a partition or division of the same same, or for an accounting, ; nor shall the ownership of Shares constitute the Shareholders as partners. Neither the Company Trust nor the DirectorsTrustees, nor any officer, employee or agent of the Company Trust shall have any power to bind personally any Shareholders, 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 that which the Shareholder may at any time personally agree to pay.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Benham Manager Funds)

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this Agreement Declaration of Trust and the ActBy-Laws of the Trust. Every Shareholder by virtue of having become a Shareholder shall be held to have expressly assented and agreed to be bound by the terms hereof. The death, incapacity, dissolution, termination or bankruptcy of a Shareholder during the existence of the Company Trust shall not, in and of itself, not operate to dissolve or terminate the Company or any Series or Class thereofTrust, nor entitle the representative of any such Shareholder to an 108648, v0.4 accounting or to take any action in court or elsewhere against the Company Trust or the DirectorsTrustees, but entitles shall entitle such representative only to the rights of such Shareholder under this AgreementDeclaration of Trust. Ownership of Shares shall not entitle the a Shareholder to any title in or to the whole or any part of the Company 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 as partnerspartners or joint venturers. Neither the Company Trust nor the DirectorsTrustees, nor any officer, employee or nor agent of the Company Trust shall have any power to bind personally any ShareholdersShareholder, nor, except as specifically provided herein, or 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.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Vanguard Index Funds)

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this Agreement and the Actinstrument. Every Shareholder by virtue of having become a Shareholder shall be held to have expressly assented and agreed to be bound by the terms hereof. The death, incapacity, dissolution, termination or bankruptcy of a Shareholder during the existence of the Company Trust shall not, in and of itself, not operate to dissolve or terminate the Company Trust or any Series or Class thereof, nor entitle the representative of any such Shareholder to an accounting or to take any action in court or elsewhere against the Company Trust or the DirectorsTrustees, but entitles such representative only to the rights of such Shareholder under this AgreementTrust. Ownership of Shares shall not entitle the Shareholder to any title in or to the whole or any part of the Company Trust Property or right to call for a partition or division of the same or for an accounting, nor shall the [Missing Graphic Reference] ownership of Shares constitute the Shareholders as partners. Neither the Company Trust nor the DirectorsTrustees, nor any officer, employee or agent of the Company Trust shall have any power to bind personally any Shareholders, 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.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (BlackRock Long-Horizon Equity Fund)

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this Agreement Declaration of Trust and the ActBy-Laws of the Trust. Every Shareholder by virtue of having become a Shareholder shall be held to have expressly assented and agreed to be bound by the terms hereof. The death, incapacity, dissolution, termination or bankruptcy of a Shareholder during the existence of the Company Trust shall not, in and of itself, not operate to dissolve or terminate the Company or any Series or Class thereofTrust, nor entitle the representative of any such Shareholder to an accounting or to take any action in court or elsewhere against the Company Trust or the DirectorsTrustees, but entitles shall entitle such representative only to the rights of such Shareholder under this AgreementDeclaration of Trust. Ownership of Shares shall not entitle the a Shareholder to any title in or to the whole or any part of the Company 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 as partnerspartners or joint venturers. Neither 107933, v0.5 the Company Trust nor the DirectorsTrustees, nor any officer, employee or nor agent of the Company Trust shall have any power to bind personally any ShareholdersShareholder, nor, except as specifically provided herein, or 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.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Vanguard International Equity Index Funds)

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this Agreement Declaration of Trust and the ActBy-Laws of the Trust. Every Shareholder by virtue of having become a Shareholder shall be held to have expressly assented and agreed to be bound by the terms hereof. The death, incapacity, dissolution, termination or bankruptcy of a Shareholder during the existence of the Company Trust shall not48152, in and of itself, v0.3 4 not operate to dissolve or terminate the Company or any Series or Class thereofTrust, nor entitle the representative of any such Shareholder to an accounting or to take any action in court or elsewhere against the Company Trust or the DirectorsTrustees, but entitles shall entitle such representative only to the rights of such Shareholder under this AgreementDeclaration of Trust. Ownership of Shares shall not entitle the a Shareholder to any title in or to the whole or any part of the Company 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 as partnerspartners or joint venturers. Neither the Company Trust nor the DirectorsTrustees, nor any officer, employee or nor agent of the Company Trust shall have any power to bind personally any ShareholdersShareholder, nor, except as specifically provided herein, or 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.

Appears in 1 contract

Samples: Amendment to Agreement and Declaration of Trust (Vanguard Fixed Income Securities Funds)

Status of Shares and Limitation of Personal Liability. Shares shall be deemed to be personal property giving only the rights provided in this Agreement Declaration of Trust and the ActBy-Laws of the Trust. Every Shareholder by virtue of having become a Shareholder shall be held to have expressly assented and agreed to be bound by the terms hereof. The death, incapacity, dissolution, termination or bankruptcy of a Shareholder during the existence of the Company Trust shall not, in and of itself, not operate to dissolve or terminate the Company or any Series or Class thereofTrust, nor entitle the representative of any such Shareholder to an accounting or to take any action in court or elsewhere against the Company Trust or the DirectorsTrustees, but entitles shall entitle such representative only to the rights of such Shareholder under this AgreementDeclaration of Trust. Ownership of Shares shall not entitle the a Shareholder to any title in or to the whole or any part of the Company Trust Property or right to call for a partition or division of the same or for an accounting, nor shall the ownership of Shares 4 constitute the Shareholders as partnerspartners or joint venturers. Neither the Company Trust nor the DirectorsTrustees, nor any officer, employee or nor agent of the Company Trust shall have any power to bind personally any ShareholdersShareholder, nor, except as specifically provided herein, or 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.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Vanguard CMT Funds)

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