Common use of Delegation of Power to Other Trustees Clause in Contracts

Delegation of Power to Other Trustees. Any Trustee may, by power of attorney, delegate his or her power for a period not exceeding one (1) month at any one time to any other Trustee. Except where applicable law may require a Trustee to be present in person, a Trustee represented by another Trustee, pursuant to such power of attorney, shall be deemed to be present for purpose of establishing a quorum and satisfying the required majority vote.

Appears in 30 contracts

Sources: By Laws (Metropolitan Series Fund), By Laws (Met Investors Series Trust), By Laws (Metropolitan Series Fund Inc)

Delegation of Power to Other Trustees. Any Trustee may, by power of attorney, delegate his or her power for a period not exceeding one (1) month at any one time to any other Trustee. Except where applicable law may require a Trustee to be present in person, a Trustee represented by another Trustee, pursuant to such power of attorney, shall be deemed to be present for purpose purposes of establishing a quorum and satisfying the required majority vote.

Appears in 1 contract

Sources: Amended and Restated Agreement and Declaration of Trust (Forward Funds)