Concerning the Trust and Certain Affiliates. (a) Subject to the requirements of the Investment Company Act, the Trustees may (but need not), in their discretion, from time to time, adopt standards with respect to conflicts of interest, trading on the basis of material nonpublic information, the appropriateness of the Trust paying its
Concerning the Trust and Certain Affiliates. (a) The Trust may enter into transactions with any Affiliate of the Trust or the Adviser or any Affiliate of any Trustee, director, officer or employee of the Trust or of the Adviser if (i) each such transaction has, after disclosure of such affiliation, been approved or ratified by the affirmative vote of a majority of the Trustees, including a majority of the Trustees who are not Affiliates of any Person (other t h an the Trust) who is a party to the transaction with the Trust, (ii) such transaction is, in the opinion of the Trustees, on terms fair and reasonable to the Trust and the Shareholders and at least as favorable to them as similar arrangements for comparable t r ansactions (of which the Trustees have knowledge) with organizations unaffiliated with the Trust or with the Person who is a party to the transaction with the Trust, and (iii) such transaction is in accordance with the 1940 Act or an exemption granted thereunder.
Concerning the Trust and Certain Affiliates. (a) The Trust may enter into transactions with any Affiliate of the Trust or of the Adviser, the Administrator, the Custodian, the Marketing Agent, or any Affiliate or agent of any Trustee, officer, director, employee or agent of the Trust or of the Adviser, the Administrator, the Custodian, or the Marketing Agent if (i) each such transaction (or type of transaction) has, after disclosure of such affiliation, been approved or ratified by the affirmative vote of a majority of the Trustees, including a majority of the Trustees who are not Affiliates of any Person (other than the Trust) who is a party to the transaction with the Trust and (ii) such transaction (or type of transaction) is, in the opinion of the Trustees, on terms fair and reasonable to the Trust and the Participants and at least as favorable to them as similar arrangements for comparable transactions (of which the Trustees have knowledge) with organizations unaffiliated with the Trust or with the Person who is a party to the transaction with the Trust.
Concerning the Trust and Certain Affiliates. (a) The Trust may enter into transactions with any Affiliate of the Adviser, the Administrator, or the Custodian, or with any Affiliate of an agent of the Trust or of the Adviser, the Administrator, or the Custodian if (i) each such transaction (or type of transaction) has, after disclosure of such affiliation, been approved or ratified by the affirmative vote of a majority of the Trustees, and (ii) such transaction (or type of transaction) is, in the opinion of the Trustees, on terms fair and reasonable to the Trust and the Participants and at least as favorable to them as similar arrangements for comparable transactions (of which the Trustees have knowledge) with organizations unaffiliated with the Trust or with the person who is a party to the transaction or transactions with the Trust. Nothwithstanding the foregoing provisions of this Section 2.13, the Trustees shall not have the power to engage in any transaction with any Affiliate that would be inconsistent with the laws of the State of Iowa concerning conflicts of interest, or any other law limiting the Participants' power to enter into such transaction, and the Bylaws of the Trust may contain provisions more restrictive than those set forth in this Section 2.13.
