Combination of Series. The Trustees shall have the authority, without the approval of the Shareholders of any Series unless otherwise required by applicable federal law, to combine the assets and liabilities held with respect to any two or more Series into assets and liabilities held with respect to a single Series. Elimination of Series. At any time that there are no Shares outstanding of a Series (or class), the Trustees may abolish such Series (or class).
Appears in 5 contracts
Samples: Agreement and Declaration (Vanguard Tax-Managed Funds), Agreement and Declaration (Vanguard World Fund), Agreement and Declaration (Vanguard New Jersey Tax-Free Funds)
