Diversification Requirements. The Trustees shall use commercially reasonable efforts to cause each Series to invest, dispose of and hold its assets in compliance with the diversification requirements of Code Section 817(h) and Treasury Regulations Section 1.817-5, and will use commercially reasonable efforts to cure any non-conformance within the grace period afforded under Code Section 817(h) and the Treasury Regulations thereunder. The Trustees will notify the Shareholders within a reasonable time of any failure or anticipated failure to comply with such diversification requirements.
Appears in 2 contracts
Sources: Agreement and Declaration of Trust (Securian Funds Trust), Agreement and Declaration of Trust (Advantus Series Fund Inc)