Common use of Conversion and Exchange Rights Clause in Contracts

Conversion and Exchange Rights. Subject to compliance with the requirements of the 1940 Act, the Trustees shall have the authority to provide that holders of Shares of any Series shall have the right to convert said Shares into Shares of one or more other Series of the Trust or exchange said Shares for Shares of one or more other Series of the Trust, in accordance with such requirements and procedures as may be established by the Trustees from time to time.

Appears in 2 contracts

Sources: Trust Agreement (Surgeons Investment Funds), Agreement and Declaration of Trust (Surgeons Diversified Investment Fund)