Common use of Validity of acts Clause in Contracts

Validity of acts. All acts done bona fide by any meeting of Trustees or of a committee appointed by the Controlling Trustees or by any Person acting as a Trustee shall, notwithstanding that it is afterwards discovered that there was some defect in the appointment of any such Trustee or committee or Person acting as aforesaid, or that they or any of them were disqualified or had vacated office or were not entitled to vote, be as valid as if every such Person had been duly appointed and was qualified and had continued to be a Trustee or a member of a committee appointed by the Trustees and had been entitled to vote.

Validity of acts. All acts done bona fide by any meeting of Trustees or of by a committee appointed by the Controlling Trustees or by any Person acting as a Trustee shall, notwithstanding that it is afterwards discovered that there was some defect in the appointment of any such Trustee or Trustee, committee or Person so acting as aforesaid, or that they or any of them were disqualified or had vacated office or were not entitled to vote, be as valid as if every such Person had been duly appointed and was qualified and had continued to be a Trustee or a member of a committee appointed by the Trustees and had been entitled to vote.