Trustee's Good Faith Action. Expert Advice; No Bond or Surety ................................................. 27
Trustee's Good Faith Action. Advice to Others; No Bond or Surety.................................. 10 Section 4.3. Indemnification.................................... 10 Section 4.4. No Duty of Investigation........................... 11 Section 4.5. Reliance on Records and Experts.................... 11 ARTICLE V - SHARES OF BENEFICIAL INTEREST................................... 11
Trustee's Good Faith Action. EXPERT ADVICE, NO BOND OR SURETY. The exercise by the Trustees of their powers hereunder shall be binding upon everyone interested in or dealing with the Trust. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and 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 Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor 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 required.
Trustee's Good Faith Action. Expert 20 Advice; No Bond of Surety
Trustee's Good Faith Action. Expert Advice; No Bond or Surety 26 SECTION 8.3. Indemnification of Shareholders 26 SECTION 8.4. Indemnification of Trustees, Officers, etc. 27 SECTION 8.5. Compromise Payment 27 SECTION 8.6. Indemnification Not Exclusive, etc. 28 SECTION 8.7. Liability of Third Persons Dealing with Trustees 28 ARTICLE 9 DURATION; REORGANIZATION; INCORPORATION; AMENDMENTS 28
Trustee's Good Faith Action. EXPERT ADVICE, NO BOND OR SURETY. The exercise by the Trustees of their powers and discretions hereunder shall be binding upon everyone interested. A Trustee shall be liable for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and for nothing else, and 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 Declaration of Trust, and 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 required.
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.
Trustee's Good Faith Action. Advice to Others; No Bond or Surety 10 Section 4.3. Indemnification 10 Section 4.4. No Duty of Investigation 11 Section 4.5. Reliance on Records and Experts 11
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 IX hereof and to Section 10.1 of this Article X, 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 IX hereof and Section 10.1 of this Article X, 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.
Trustee's Good Faith Action. EXPERT ADVICE, NO BOND OR SURETY. To the fullest extent permitted by law, the exercise by the Trustees of their powers and discretions hereunder in good faith, shall be binding upon everyone interested. To the fullest extent permitted by law, each Trustee, officer or employee of the Trust shall, in the performance of his or her duties, powers and discretions hereunder, be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Trust, upon an opinion of counsel, or upon reports made to the Trust thereof by any of its officers or employees or by the Investment Adviser, the administrator, the Principal Underwriter, transfer agent, custodian, selected dealers, accountants, appraisers or other experts or consultants selected with reasonable care by the Trustees, officers or employees of the Trust, regardless of whether such counsel or expert may also be a Trustee. The officers and Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust and the By-Laws and their duties as officers or Trustees, and shall be under no liability for any act or omission in accordance with such advice and no inference concerning liability shall arise from a failure to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
