Shares of Beneficial Interest. The beneficial interest in the Trust shall be divided into such Shares of beneficial interest, of such Series or Classes, and of such designations and par values (if any) and with such rights, preferences, privileges, limitations, restrictions and such other relative terms as shall be determined by the Trustees, from time to time. The number of Shares is unlimited. The Trustees shall have full power and authority to take such action with respect to the Shares as the Trustees may deem desirable.
Appears in 78 contracts
Samples: Agreement and Declaration of Trust (Ark ETF Trust), Agreement and Declaration of Trust (Virtus ETF Trust II), Agreement and Declaration of Trust (PowerShares Exchange-Traded Self-Indexed Fund Trust)
Shares of Beneficial Interest. The beneficial interest in the Trust shall be divided into such Shares of beneficial interest, of such Series or Classes, and of such designations and par values (if any) and with such rights, preferences, privileges, limitations, restrictions and such other relative terms as shall be determined by the Trustees, from time to time. The number of Shares is unlimited. The Trustees shall have full power and authority to take such action with respect to the Shares as the Trustees may deem desirable.
Appears in 13 contracts
Samples: Agreement and Declaration (City National Rochdale Select Strategies Fund), Agreement and Declaration (City National Rochdale Reinsurance Premium Fund), Agreement and Declaration of Trust (Pioneer ILS Bridge Fund)
