AUTHORIZATION AND ISSUANCE OF SHARES. 1. If requested by the Transfer Agent, the Fund shall deliver to the Transfer Agent the following documents on or before the effective date of any increase or decrease in the total number of Shares authorized to be issued: (a) A certified copy of the amendment to the Articles of Incorporation giving effect to such increase or decrease; (b) In the case of an increase, an opinion of counsel for the Fund with respect to the validity of the Shares of the Fund and the status of such Shares under the Securities Act of 1933, as amended, and any other applicable federal law or regulation (i.e., if subject to registration, that they have been registered and that the registration statement has become effective or, if exempt, the specific grounds therefor); and (c) In the case of an increase, if the appointment of the Transfer Agent was theretofore expressly limited, a certified copy of a resolution of the Board of Directors of the Fund increasing the authority of the Transfer Agent.
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Samples: H) Transfer Agency Agreement (Buffalo Small Cap Fund Inc), Transfer Agency Agreement (Babson Enterprise Fund Inc), Transfer Agency Agreement (Babson Enterprise Fund Ii Inc /Mo/)
AUTHORIZATION AND ISSUANCE OF SHARES. 1. If requested by the Transfer Agent, the Fund shall deliver to the Transfer Agent the following documents on or before the effective date of any increase or decrease in the total number of Shares authorized to be issued: (a) A certified copy of the amendment to the Articles of Incorporation giving effect to such increase or decrease; (b) In the case of an increase, an opinion of counsel for the Fund with respect to the validity of the Shares of the Fund and the status of such Shares under the Securities Act of 1933, as amended, and any other applicable federal law or regulation (i.e., if subject to registration, that they have been registered and that the registration statement has become effective or, if exempt, the specific grounds therefor); and (c) In the case of an increase, if the appointment of the Transfer Agent was theretofore expressly limited, a certified copy of a resolution of the Board of Directors of the Fund increasing the authority of the Transfer Agent. 2. Prior to the issuance of any additional Shares pursuant to stock dividends or stock splits, etc., and prior to any reduction in the number of Shares outstanding, if requested by the
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Samples: Transfer Agency Agreement (Scout Kansas Tax Exempt Bond Fund Inc)
