Common use of Statutory Trust Only Clause in Contracts

Statutory Trust Only. The Trust is not intended to be, shall not be deemed to be, and shall not be treated as, a general or a limited partnership, joint venture, corporation or joint stock company, nor shall the Trustees or Shareholders or any of them for any purpose be deemed to be, or be treated in any way whatsoever as though they were, liable or responsible hereunder as partners or joint venturers.

Appears in 107 contracts

Samples: Trust Agreement (Meet Kevin Trust), Trust Agreement (Mason Capital Fund Trust), Agreement and Declaration of Trust (NEOS ETF Trust)

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Statutory Trust Only. The Trust is not intended to be, shall not be deemed to be, and shall not be treated as, a general or a limited partnership, joint venture, corporation or joint stock company, nor shall the Trustees or Shareholders or any of them for any purpose be deemed to be, or be treated in any way whatsoever as though they were, liable or responsible hereunder as partners or joint venturers. Notwithstanding the foregoing, for purposes of any tax imposed on the Trust, each Series of the Trust shall be classified as a partnership as determined under the provisions of the Code.

Appears in 1 contract

Samples: Trust Agreement (Hartford Funds Master Fund)

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Statutory Trust Only. The Trust is not intended to be, shall not be deemed to be, and shall not be treated as, a general or a limited partnership, joint venture, corporation or joint stock company, nor shall the Trustees or Shareholders Holders or any of them for any purpose be deemed to be, or be treated in any way whatsoever as though they were, liable or responsible hereunder as partners or joint venturers.

Appears in 1 contract

Samples: Trust Agreement (Pioneer CoreTrust I)

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