Common use of Trust Purpose Clause in Contracts

Trust Purpose. The purpose of the Trust is to conduct, operate and carry on the business of an open-end management investment company registered under the 1940 Act. In furtherance of the foregoing, it shall be the purpose of the Trust to do everything necessary, suitable, convenient or proper for the conduct, promotion and attainment of any businesses and purposes which at any time may be incidental or may appear conducive or expedient for the accomplishment of the business of an open end management investment company registered under the 1940 Act and which may be engaged in or carried on by a trust organized under the Act, and in connection therewith the Trust shall have the power and authority to engage in the

Appears in 7 contracts

Samples: Agreement and Declaration (Investment Co of America), Agreement and Declaration of Trust (American Funds Global Balanced Fund), Agreement and Declaration of Trust (American Funds Portfolio Series)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.