Common use of Trust Only Clause in Contracts

Trust Only. It is the intention of the Trustees to create a voluntary association with transferable shares (commonly known as a business trust) of the type referred to in Chapter 182 of the General Laws of the Commonwealth of Massachusetts. It is not the intention of the Trustees to create a general partnership, limited partnership, joint venture, joint stock association or company, corporation, bailment, or any form of legal relationship other than a Massachusetts business trust. Nothing in this Declaration of Trust shall be construed to make the Shareholders, either by themselves or with the Trustees, partners or members or joint venturers hereunder.

Appears in 4 contracts

Samples: Agreement and Declaration (Eaton Vance Floating-Rate 2022 Target Term Trust), Agreement and Declaration of Trust (Eaton Vance Floating-Rate 2024 Target Term Trust), Income 2022 Target Term Trust (Eaton Vance High Income 2022 Target Term Trust)

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