Common use of Transfers of Shares Clause in Contracts

Transfers of Shares. Shares of any series of the Trust shall be transferable on the books of the Trust at the request of the record holder thereof in person or by a duly authorized attorney, upon presentation to the Trust or its transfer agent of a duly executed assignment or authority to transfer, or proper evidence of succession, and, if the shares are represented by a certificate, a duly endorsed certificate or certificates of shares surrendered for cancellation, and with such proof of the authenticity of the signatures as the Trust or its transfer agent may reasonably require, provided, whether or not such shares are represented by any certificate or certificates of shares, that: (a) the Trust has no duty to inquire into adverse claims or has discharged any such duty; (b) any applicable law relating to the collection of taxes has been complied with; and (c) the transfer is in fact rightful or is to a bona fide purchaser. The transfer shall be recorded on the books of the Trust and the old certificates, if any, shall be cancelled.

Transfers of Shares. Shares of any series of the Trust Company shall be transferable on the books of the Trust Company at the request of the record holder thereof in person or by a duly authorized attorney, upon presentation to the Trust Company or its transfer agent of a duly executed assignment or authority to transfer, or proper evidence of succession, and, if the shares are represented by a certificate, a duly endorsed certificate or certificates of shares surrendered for cancellation, and with such proof of the authenticity of the signatures as the Trust Company or its transfer agent may reasonably require, provided, whether or not such shares are represented by any certificate or certificates of shares, that: (a) the Trust Company has no duty to inquire into adverse claims or has discharged any such duty; (b) any applicable law relating to the collection of taxes has been complied with; and (c) the transfer is in fact rightful or is to a bona fide purchaser. The transfer shall be recorded on the books of the Trust Company and the old certificates, if any, shall be cancelled.