Documents and Applicable Laws. Nothing herein contained shall be deemed to require the Corporation or the Fund to take any action contrary to the Corporation's Articles of Incorporation, By-Laws, or any applicable statute or regulation, or to relieve or deprive the Board of Directors of the Corporation of its responsibility for and control of the conduct of the affairs of the Corporation and the Fund. In this connection, the Advisor acknowledges that the Directors retain ultimate plenary authority over the Fund and may take any and all actions necessary and reasonable to protect the interests of shareholders.
Appears in 2 contracts
Sources: Investment Advisory Agreement (Millennium Rhim Funds Inc), Investment Advisory Agreement (Millennium Rhim Funds Inc)