Common use of Trust Not a Partnership Clause in Contracts

Trust Not a Partnership. This Trust Instrument creates a trust and not a partnership. No Trustee shall have any power to bind personally either the Trust's officers or any Shareholder.

Appears in 4 contracts

Samples: Agreement and Declaration of Trust (Aspiration Funds), Trust Agreement (Aspiration Institutional Funds), Trust Instrument (Janus Adviser Series)

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Trust Not a Partnership. This Trust Instrument creates a trust and not a partnership, except to the extent such trust is deemed to constitute a partnership under the Code and applicable state tax laws. No Trustee shall have any power to bind personally either the Trust's officers or any Shareholder.

Appears in 3 contracts

Samples: Trust Instrument (Pimco Variable Insurance Trust), Trust Instrument (Westport Funds), Trust Instrument (Marsico Investment Fund)

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Trust Not a Partnership. This Trust Instrument creates a trust and not a partnership. No Trustee shall have any power to bind personally either the Trust's ’s officers or any Shareholder.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Aspiration Funds)

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