Common use of Election by Shareholders Clause in Contracts

Election by Shareholders. At the discretion of the Trustees, the Shareholders may fix the number of Trustees and elect Trustees at any meeting of Shareholders called by a majority of the Trustees for that purpose.

Appears in 12 contracts

Sources: Amended and Restated Agreement and Declaration of Trust (American Century California Tax Free & Municipal Funds), Agreement and Declaration of Trust (American Century Target Maturities Trust), Agreement and Declaration of Trust (American Century Investment Trust)