Qualification and Number. Each Trustee shall be a natural person. A Trustee need not be a citizen of the United States or a resident of the State of Delaware. By a majority vote or consent of the Trustees as may then be in office, the Trustees may from time to time establish the number of Trustees. No decrease in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term, but the number of Trustees may be decreased in conjunction with the resignation, retirement or removal of a Trustee pursuant to Section 5.4 hereof.
Appears in 75 contracts
Samples: Agreement and Declaration of Trust (PowerShares Actively Managed Exchange-Traded Commodity Fund Trust), Agreement and Declaration of Trust (Hartford Funds Master Fund), Agreement and Declaration of Trust (Powershares Actively Managed Exchange-Traded Fund Trust)
Qualification and Number. Each Trustee shall be a natural person. A Trustee need not be a citizen of the United States or a resident of the State of Delaware. By a majority vote or consent of the Trustees as may then be in office, the Trustees may from time to time establish the number of Trustees. No decrease in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term, but the number of Trustees may be decreased in conjunction with the resignation, retirement or removal of a Trustee pursuant to Section 5.4 5.04 hereof.
Appears in 4 contracts
Samples: Agreement and Declaration of Trust (Virtus ETF Trust II), Agreement and Declaration (ETF Actively Managed Trust), Agreement and Declaration of Trust (Virtus ETF Trust II)
Qualification and Number. Each Trustee shall be a natural person. A Trustee need not be a citizen of the United States or a resident of the State of Delaware. By a majority two-thirds (2/3) vote or consent of the Trustees as may then be in office, the Trustees may from time to time establish the number of Trustees. No decrease in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term, but the number of Trustees may be decreased in conjunction with the resignation, retirement or removal of a Trustee pursuant to Section 5.4 hereof4 of this Article IV.
Appears in 1 contract
Samples: Agreement and Declaration (City National Rochdale Funds)
Qualification and Number. Each Trustee shall be a natural person. A Trustee need not be a citizen of the United States or a resident of the State of Delaware. By a majority vote or consent action of three-quarters (3/4) of the Trustees as may then be in office, the Trustees may from time to time establish the number of Trustees. No decrease in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term, but the number of Trustees may be decreased in conjunction with the resignation, retirement or removal of a Trustee pursuant to Section 5.4 hereof.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Transamerica AUIM Opportunistic Bond)
