Issuance of New Certificate to Pledgee. The Trustees may in their discretion, or the Treasurer may pursuant to authority delegated by the Trustees, institute a policy of enabling a pledgee of shares transferred as collateral security to obtain a new certificate if the instrument of transfer substantially describes the debt or duty that is intended to be secured thereby. Such new certificate shall express on its face that it is held as collateral security, and the name of the pledgor shall be stated thereon, who alone shall be liable as a shareholder, and entitled to vote thereon.
Appears in 19 contracts
Samples: Consulting Group Capital Markets Funds, State Street Navigator Securities Lending Trust, State Street Navigator Securities Lending Trust
Issuance of New Certificate to Pledgee. The Trustees may in their -------------------------------------- discretion, or the Treasurer may pursuant to authority delegated by the Trustees, institute a policy of enabling a pledgee of shares transferred as collateral security to obtain a new certificate if the instrument of transfer substantially describes the debt or duty that is intended to be secured thereby. Such new certificate shall express on its face that it is held as collateral security, and the name of the pledgor shall be stated thereon, who alone shall be liable as a shareholder, and entitled to vote thereon.
Appears in 3 contracts
Samples: Smith Barney Funds Inc, Smith Barney Principal Return Fund, Smith Barney Income Funds
Issuance of New Certificate to Pledgee. The Trustees may may, in their discretion, or the Treasurer may pursuant to authority delegated by the Trustees, institute a policy of enabling a pledgee of shares transferred as collateral security to obtain a new certificate if the instrument of transfer substantially describes the debt or duty that is intended to be secured thereby. Such new certificate shall express on its face that it is held as collateral security, and the name of the pledgor shall be stated thereon, who alone shall be liable as a shareholder, and entitled to vote thereon.
Appears in 3 contracts
Samples: State Street Research Capital Trust, State Street Research Master Investment Trust, State Street Research Growth Trust
Issuance of New Certificate to Pledgee. The If the Trustees may in their discretionshall have -------------------------------------- authorized the issuance of certificates, or the Treasurer may pursuant to authority delegated by the Trustees, institute a policy of enabling a pledgee of shares Shares transferred as collateral security shall be entitled to obtain a new certificate if the instrument of transfer substantially describes the debt or duty that is intended to be secured thereby. Such new certificate shall express on its face that it is held as collateral security, and the name of the pledgor shall be stated thereon, who alone shall be liable as a shareholderShareholder, and entitled to vote thereon.
Appears in 1 contract
Samples: North American Funds
