Income and Capital. The Trustees shall have full discretion to determine which items shall be treated as income and which items as capital; and each such determination and allocation shall be conclusive and binding upon the Shareholders.
Appears in 3 contracts
Samples: Agreement and Declaration of Trust (John Hancock Variable Insurance Trust), Agreement and Declaration (John Hancock Variable Insurance Trust), Clearwater Investment Fund
Income and Capital. The Trustees shall have full discretion discretion, to the ------------------ extent not inconsistent with the 1940 Act, to determine which items shall be treated as income and which items as capital; and each such determination and allocation shall be conclusive and binding upon the Shareholders.
Appears in 2 contracts
Samples: Agreement and Declaration (North American Funds), Agreement and Declaration of Trust (North American Funds)
