Treatment of Particular Items. The Trustees shall have full discretion, to the extent consistent with the 1940 Act and consistent with generally accepted accounting principles, to determine which items shall be treated as income and which items as capital; and each such determination and allocation shall be conclusive and binding upon the Shareholders.
Appears in 26 contracts
Sources: Agreement and Declaration of Trust (FIS Trust), Trust Agreement (Rayliant Funds Trust), Agreement and Declaration of Trust (FIS Trust)
Treatment of Particular Items. The Trustees shall have full discretion, to the extent consistent with the 1940 Act and consistent with generally accepted accounting principles, to determine which items shall be treated as income and which items as capitalprincipal; and each such determination and allocation shall be conclusive and binding upon the Shareholders.
Appears in 3 contracts
Sources: Trust Agreement (Mason Capital Fund Trust), Trust Agreement (Mason Capital Fund Trust), Trust Agreement (Mason Capital Fund Trust)