Title to a Certificate. evidencing Shares (and to the Shares evidenced thereby), when properly endorsed or accompanied by proper instruments of transfer, shall be transferable by delivery with the same effect as in the case of a negotiable instrument under the laws of New York; provided, however, that the Trustee, notwithstanding any notice to the contrary, may treat the Registered Owner of Shares as the absolute owner thereof for the purpose of determining the person entitled to any distribution or to any notice provided for in this Agreement and for all other purposes.
Appears in 6 contracts
Samples: Depositary Trust Agreement (Etfs Silver Trust), Depositary Trust Agreement (Euro Currency Trust), Depositary Trust Agreement (Currencyshares Swiss Franc Trust)
