Interested Director definition

Interested Director means a director or trustee of an investment company who is an interested person within the meaning of Section 2(a)(19) of the Act. A “Disinterested Director” is a director who is not an interested person under Section 2(a)(19) of the Act.

Interested Director means a director who is in any way, whether by himself or through any of his relatives or firm, body corporate or other association of individuals in which he or any of his relatives is a partner, director or a member, interested in a contract or arrangement, or proposed contract or arrangement, entered into or to be entered into by or on behalf of a company;

Interested Director means a trustee or director of the Fund who is an 'interested person' of the Fund within the meaning of Section 2(a)(19) of the Investment Company Act of 1940.

Examples of Interested Director in a sentence

• For an Interested Director that is not a Western Asset, Legg Mason or Claymore employee, only the requirements as set forth in the following Sections of the Code of Ethics shall apply: Section I (Objectives and Spirit of the Code), Section II (Persons Subject to the Code), Section III (Persons Who Administer the Code) and Section V (Reporting of Personal Trading) and Section VIII (Requirements for Fund Directors) shall apply.

• Interested Directors other than Covered Persons are also required to make this report within 10 days of becoming an Interested Director of a Fund.

• This section does not apply to any Independent Director or any Non-Management Interested Director.

• This restriction shall not apply to any Independent Director or any Non-Management Interested Director.

• Reports may be in writing signed by a Covered Interested Director or provided electronically.

More Definitions of Interested Director

Interested Director means a director of the investment company who is an interested person within the meaning of Section 2(a)(19) of the Act.

Interested Director means any Director whose presence cannot by reason of Article 140 count for the purpose of forming a quorum at a meeting of the Board, at the time of the discussion or vote on any matter.

Interested Director means a Director who has a direct or indirect interest in any contract, business or arrangement in which the Company or its Affiliates is a party or becomes a party to;

Interested Director means, in relation to any Relevant Situation, any director interested in that Relevant Situation; and

Interested Director means a director who is in any way, whether by himself 25

Interested Director means a director of a Transamerica Fund or Fund Adviser that is not independent but does not, in the ordinary course of his or her business, obtain information regarding the purchase or sale of Securities for any of the Transamerica Funds or perform any functions or duties that relate to the making of recommendation to any such Fund concerning the purchase or sale of securities.

Interested Director means each director of the Corporation who (a) is an Interested Party or an Associate of an Interested Party; (b) has an Associate who is an Interested Party; (c) was nominated or proposed to be elected as a director of the Corporation by an Interested Party or an Associate of an Interested Party; or (d) is, or has been nominated or proposed to be elected as, an officer, director or employee of an Interested Party or of an Associate of an Interested Party.