The 1940 Act definition

The 1940 Act means the Investment Company Act of 1940, as amended from time to time.
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The 1940 Act means the U.S. Investment Company Act of 1940, as amended from time to time, and the rules and regulations thereunder. ARTICLE II Trustees -------- 2.1. Number and Qualification. The number of Trustees shall be fixed from time to time by action of the Trustees taken as provided in Section 2.5 hereof; provided, however, that the number of Trustees so fixed shall in no event be less than three or more than 15. Any vacancy created by an increase in the number of Trustees may be filled by the appointment of an individual having the qualifications described in this Section 2.1 made by action of the Trustees taken as provided in Section 2.5 hereof. Any such appointment shall not become effective, however, until the individual named in the written instrument of appointment shall have accepted in writing such appointment and agreed in writing to be bound by the terms of this Declaration. No reduction in the number of Trustees shall have the effect of removing any Trustee from office. Whenever a vacancy occurs, until such vacancy is filled as provided in Section 2.4 hereof, the Trustees continuing in office, regardless of their number, shall have all the powers granted to the Trustees and shall discharge all the duties imposed upon the Trustees by this Declaration. A Trustee shall be an individual at least 21 years of age who is not under legal disability. 2.2. Term and Election. Each Trustee named herein, or elected or appointed prior to the first meeting of Holders, shall (except in the event of resignations, retirements, removals or vacancies pursuant to Section 2.3 or Section 2.4 hereof) hold office until a successor to such Trustee has been elected at such meeting and has qualified to serve as Trustee, as required under the 1940 Act. Subject to the provisions of Section 16(a) of the 1940 Act and except as provided in Section 2.3 hereof, each Trustee shall hold office during the lifetime of the Trust and until its termination as hereinafter provided. 2.3. Resignation, Removal and Retirement. Any Trustee may resign his or her trust (without need for prior or subsequent accounting) by an instrument in writing executed by such Trustee and delivered or mailed to the Chairman, if any, the President or the Secretary of the Trust and such resignation shall be effective upon such delivery, or at a later date according to the terms of the instrument. Any Trustee may be removed by the affirmative vote of Holders of two-thirds of the Interests or (provided the aggregate n...
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Examples of The 1940 Act in a sentence

  • The "1940 Act" means the Investment Company Act of 1940, as amended from time to time.

  • The "1940 Act" means the Investment Company Act of 1940, as amended.

  • As used in this Declaration, the following terms shall have the following meanings: The "1940 Act" refers to the Investment Company Act of 1940 and the rules and regulations promulgated thereunder and exemptions granted therefrom, as amended from time to time.

  • The 1940 Act regulates mutual funds as well as their investment advisers and principal underwriters.

  • The "1940 Act" refers to the Investment Company Act of 1940, as amended from time to time.

  • The 1940 Act seeks to accomplish the foregoing goals by, among other things: (1) establishing registration and reporting requirements; (2) prohibiting various affiliated transactions; (3) regulating the sale and redemption of mutual fund shares; (4) establishing special corporate governance standards relating to the composition and activities of mutual fund boards of directors; and (5) providing the SEC with extensive inspection and enforcement powers.

  • The "1940 Act" refers to the Investment Company Act of 1940 and the Rules and Regulations of the Commission thereunder, all as amended from time to time.

  • The "1940 Act" means the Investment Company Act of 1940 and the Rules and Regulations thereunder, as amended from time to time.

  • The 1940 Act defines "affiliated companies" to include investments in portfolio companies in which a fund owns 5% or more of the outstanding voting securities.

  • The "1940 Act" refers to the Investment Company Act of 1940 and the Rules and Regulations thereunder, all as amended from time to time.

Related to The 1940 Act

  • 1940 Act means the Investment Company Act of 1940, as amended.

  • 40 Act means the Investment Company Act of 1940, and the rules and regulations issued thereunder, each as they may be amended from time to time.

  • the 1980 Act means the Highways Act 1980(3);

  • Investment Company Act of 1940 means the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.

  • the 1993 Act means the Pension Schemes Act 1993; “the 1995 Act” means the Pensions Act 1995;

  • the 1990 Act means the Town and Country Planning Act 1990;

  • the 1988 Act means the Local Government Finance Act 1988.

  • the 1973 Act means the Water Act 1973;

  • the 1983 Act means the Representation of the People Act 1983;

  • the 1991 Act means the Water Industry Act 1991(a);

  • the 1997 Act means the Town and Country Planning (Scotland) Act 1997 (c. 8);

  • Advisers Act means the Investment Advisers Act of 1940, as amended.

  • the 2000 Act means the Local Government Act 2000.

  • the 1974 Act means the Health and Safety at Work etc. Act 1974;

  • the 1984 Act means the Road Traffic Regulation Act 1984;

  • the 1992 Act means the Local Government Finance Act 1992;

  • the 1977 Act means the National Health Service Act 1977;

  • the 1998 Act (“Deddf 1998”) means the Teaching and Higher Education Act 1998;

  • Investment Company Act means the Investment Company Act of 1940, as amended.

  • Company Act means the Company Act of the Province of British Columbia from time to time in force and all amendments thereto and includes all regulations and amendments thereto made pursuant to that Act;

  • the 1989 Act means the Local Government and Housing Act 1989;

  • the 1972 Act means the Local Government Act 1972.

  • the 1965 Act means the Compulsory Purchase Act 1965(2);

  • the 1985 Act means the Companies Act 1985;

  • Investment Advisers Act means the Investment Advisers Act of 1940, as amended.

  • the 1961 Act means the Land Compensation Act 1961(d); “the 1965 Act” means the Compulsory Purchase Act 1965(e); “the 1980 Act” means the Highways Act 1980(f);