Company Property definition
Examples of Company Property in a sentence
The Trustees will not be required to obtain any court order to deal with the Company Property.
The Trustees may maintain insurance for the protection of the Company Property and the Company’s Shareholders, Trustees, officers, employees and agents in such amount as the Trustees shall deem adequate to cover possible tort liability, and such other insurance as the Trustees in their sole judgment shall deem advisable or is required by the 1940 Act.
The Trustees shall have exclusive power over the Company Property and over the business and affairs of the Company to the same extent as if the Trustees were the sole owners of the Company Property and business in their own right, but with such powers of delegation as permitted by this Declaration, and shall have the power to engage in any activity not prohibited by Delaware law.
No creditor of any Trustee shall have any right to obtain possession of, or otherwise exercise legal or equitable remedies with respect to, any Company Property with respect to any claim against, or obligation of, such Trustee in its individual capacity and not related to the Company.
To the extent title to the Company Property has been vested in the name of one or more Trustees, the right, title and interest of the Trustees in the Company Property shall vest automatically in each person who may hereafter become a Trustee upon his due election and qualification.