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7.2 $ggjgtrar. The Trustees shall have full and complete power to employ a registrar. <br />Unless otherwise determined by the Trustees, the Share Register shall be kept by the Administrator <br />which :hall serve .ze the registrar for the 4M Fund. The registrar shall record the original <br />allocations of Shares in the Share Register. Such registrar shall perform the duties usually <br />performed by registrars of certificates and shares of stock in a corporation, swept as such duties <br />may be modified by the Trustees. <br />7.3 Owner of.Rtrd. No Person becoming entitled to any Shares in consequence of the <br />merger, reorganization, consolidation, bankruptcy or insolvency of soy Participant or otherwise, by <br />operation of Law, shall be recorded as the Participant to which such Shares are allocated and :hall <br />only be entitled to receive for such Shares the amount credited to the account of the Participant <br />whose beneficial interest in the 4M Fund is represented by such She . Until the Person becoming <br />entitled to receive web amount shall apply for the payment thereof and present any proof of such <br />entitlement as the Trustees may in their sole discretion deem appropriate, the Participant of record <br />to which such Shares are allocated shall be deemed to be the Participant to which such Shares are <br />.allocated for all purposes hereof, and neither the Trustees nor the registrar nor any officer or <br />agent of the 4M Fund shall be affected by any notice of such merger, reorganization, consolidation, <br />bankruptcy, insolvency or other event. <br />7A Nom era of., Ste. The beneficial interests measured by the Shares shall not <br />be transferrable, in whole or in part, other than to the 4M Fund itself for purposes of effectuating <br />a withdrawal of funds. <br />7.5 imitation of Fiduciary lkesponsibiliZt. The Trustees shall not, not shall the <br />Participants or any officer, registrar or other agent of the 4M Fund, be bound to see to the <br />execution of any trust, express, implied or constructive, or of any charge, pledge or equity to <br />which any of the Shares or any interest therein are subject, or to ascertain or inquire whether any <br />withdrawal of funds by any Participant or its representatives is authorized by such trust, charge, <br />pledge or. equity, or to. recognize any Person as having any interest therein except the Participant <br />recorded as the Participant to which. such Shares are allocated.. The receipt of the Participant in <br />whose name any Share is recorded or of the duly authorized agent of such Participant shall be a <br />sufficient discharge for all moneys payable or deliverable in respect of such Shares and from all <br />liability to no to the proper application thereof. <br />7,6 120tices Any and all notices to which Participants hereunder may be entitled and <br />any and all communications shall be deemed duly served or given if mailed, postage pre -paid, <br />addressed to Participants of record at their last known pmt office addresses as recorded on the <br />Share Register provided for in Section 7.1 hereof. <br />ARTICLE V111 <br />g, i n1ing. Each Participant shall be entitled to one vote as a matter of right with <br />respect to the following matters: (1) amendment of this Declaration of Trust or termination of the <br />4M Fund as provided in Section 4.3 and Section 13.1 hereof; and (ii) reorganization of the 4M Fund <br />as provided in Section 13.2 hereof. It shall not be necessary for any minimum number of Shares to <br />be allocated to a Participant for the Participant to be entitled to vote. Participants shall not be <br />entitled to cumulative voting with respect to any matter. <br />24 <br />