Act of the owners definition

Act of the owners means action by the owners of an organization, other than a domestic corporation, in the manner provided in its governing statute.
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Examples of Act of the owners in a sentence

  • Such registration may be terminated, however, if and to the extent permitted by law; or the Separate Account may be reorganized and registered as a unit investment trust under the 1940 Act; in each case with the approval (if required by the 1940 Act) of the owners of the outstanding variable insurance contracts issued with respect to the Separate Account (the "Contract Owners"), voted as provided in Article III of these Rules and Regulations.

  • Where a land owner gives notice (under section 54 (5) of the Land Reform (Scotland) Act 2003 ("2003 Act")) of the owner's decision not to proceed further with the proposed transfer of the land it is proposed (new section 60 (A) (2) of the 2003 Act) that the Ministers may require the owner of the land to pay any expense incurred by the Ministers in connection with the valuation of the land.

Related to Act of the owners

  • Emergency Situation means a situation in which an individual is experiencing a serious mental illness or a developmental disability, or a minor is experiencing a serious emotional disturbance, and 1 of the following applies:

  • Banquet Event Order or “BEO” means a written order issued by the Contractor to the Judicial Council that confirms the Judicial Council’s specific instructions and orders with respect to the Program on any one or more of the following, but does not alter any of the Agreement’s terms and conditions: (i) meeting and/or function room(s) and set-up requirements and/or rental charges; (ii) meal menus and prices and set-up requirements; and/or (iii) audio-visual equipment and set-up requirements and/or rental charges. BEO’s will be approved and signed by the Judicial Council’s representative, as set forth in Exhibit B.

  • Emergency management means lessening the effects of, preparations for, operations during, and recovery from natural, technological or human-caused disasters. These actions are broad in scope and include, but are not limited to: disaster plans, mitigation, preparedness, response, warning, emergency operations, training, exercising, research, rehabilitation, and recovery activities.

  • Flooding means a volume of water that is too great to be confined within the banks or walls of the stream, water body, or conveyance system and that overflows onto adjacent lands, thereby causing or threatening damage.

  • Emergency vehicle means emergency vehicles of municipal, township or county departments or public utility corporations when identified as such as required by law, the Ohio Director of Public Safety or local authorities, and motor vehicles when commandeered by a police officer. (ORC 4511.01(D))

  • Behavioral violation means a student’s behavior that violates the district’s discipline policies.

  • Load Management Event means a) a single temporally contiguous dispatch of Demand Resources in a Compliance Aggregation Area during an Operating Day, or b) multiple dispatches of Demand Resources in a Compliance Aggregation Area during an Operating Day that are temporally contiguous.

  • Event of Termination has the meaning specified in Section 7.01.