Trustee's Good Faith Action. Expert Advice, No Bond or Surety. The exercise by the Trustees of their powers and discretion hereunder in good faith and with reasonable care under the circumstances then prevailing shall be binding upon everyone interested. Subject to the provisions of Article VIII and to Section 9.1, the Trustees shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Agreement, and subject to the provisions of Article VIII and Section 9.1, shall be under no liability for any act or omission in accordance with such advice or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is obtained.
Appears in 9 contracts
Samples: Amended and Restated Agreement and Declaration (AIM Core Allocation Portfolio Series), Agreement and Declaration (Aim Summit Fund), Agreement and Declaration (Aim Equity Funds)
Trustee's Good Faith Action. Expert AdviceEXPERT ADVICE, No Bond or SuretyNO BOND OR SURETY. The exercise by the Trustees of their powers and discretion hereunder in good faith and with reasonable care under the circumstances then prevailing shall be binding upon everyone interested. Subject to the provisions of Article VIII and to Section 9.1, the Trustees shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Agreement, and subject to the provisions of Article VIII and Section 9.1, shall be under no liability for any act or omission in accordance with such advice or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is obtained.
Appears in 6 contracts
Samples: Agreement and Declaration (Invesco Stock Funds Inc), Agreement and Declaration (Invesco Treasurers Series Funds Inc), Agreement and Declaration (Invesco Bond Funds Inc)
