Common use of Right to Dissent Clause in Contracts

Right to Dissent. A Trustee who is present at a meeting of the Trustees at which action on any Trust matter is taken shall be presumed to have assented to the action unless his or her dissent shall be entered in the minutes of the meeting before the adjournment thereof or unless he or she shall file his or her written dissent to such action with the person acting as secretary of the meeting before the adjournment thereof or shall forward such dissent by registered mail to the Secretary immediately after the adjournment of the meeting. Such right to dissent shall not apply to a Trustee who voted in favor of such action.