Kentucky Distribution Agreement regarding the continuous offering of the Trust's transferable shares of beneficial interest

• Category: Corporations - Public - Distribution
• State: Multi-State
• Control #: US-EG-9319
• Format: Word; Rich Text

Description

Distribution Agreement between Active Assets Premier Money Trust and Morgan Stanley Dean Witter Advisors, Inc. regarding the continuous offering of the Trust's transferable shares of beneficial interest (without par value) in order to promote the growth The Kentucky Distribution Agreement is a legally binding contract that governs the continuous offering of transferable shares of beneficial interest within a trust. This agreement outlines the terms and conditions under which the shares will be offered, sold, and distributed to potential investors. It serves as a crucial document in facilitating the ongoing operations and management of the trust. The Kentucky Distribution Agreement typically includes various important clauses and provisions pertaining to the offering and distribution of shares. These are designed to ensure compliance with state laws and regulations and protect the interests of both the trust and the investors. Some key elements covered in the agreement may include: 1. Parties Involved: The agreement identifies the parties involved, including the trust itself as the issuer of the shares and any authorized agents or distributors responsible for promoting and selling the shares. 2. Offering Process: The agreement details the process by which shares will be offered to potential investors, including the registration requirements, filing procedures, and any applicable exemptions under state securities laws. 3. Sales Restrictions: It outlines any restrictions on the sale and transfer of shares, including limitations on resale or transfer to non-accredited investors. This ensures compliance with securities regulations and may prevent undue concentration of ownership. 4. Compensation and Expenses: The agreement may specify the compensation or fees payable to authorized agents or distributors involved in the sale and distribution of the shares. It may also include provisions for reimbursement of expenses incurred during the offering process. 5. Reporting and Record-keeping: The agreement outlines the reporting requirements imposed on the trust, including regular updates on the status of the offering and the financial condition of the trust. It may also dictate the maintenance of accurate records related to share ownership and transactions. 6. Termination and Amendment: The agreement may provide provisions for termination or amendment, allowing for changes to the terms and conditions of the agreement in certain circumstances. These provisions ensure flexibility as market conditions or regulatory requirements evolve over time. Regarding different types of Kentucky Distribution Agreements, variations may exist based on factors such as the nature of the trust, the specific securities laws governing the offering, or the involvement of different authorized agents or distributors. However, it is essential to consult legal professionals specializing in trust law and securities regulations to gain a comprehensive understanding of any potential variations or specific types tailored to Kentucky's jurisdiction.

The Kentucky Distribution Agreement is a legally binding contract that governs the continuous offering of transferable shares of beneficial interest within a trust. This agreement outlines the terms and conditions under which the shares will be offered, sold, and distributed to potential investors. It serves as a crucial document in facilitating the ongoing operations and management of the trust. The Kentucky Distribution Agreement typically includes various important clauses and provisions pertaining to the offering and distribution of shares. These are designed to ensure compliance with state laws and regulations and protect the interests of both the trust and the investors. Some key elements covered in the agreement may include: 1. Parties Involved: The agreement identifies the parties involved, including the trust itself as the issuer of the shares and any authorized agents or distributors responsible for promoting and selling the shares. 2. Offering Process: The agreement details the process by which shares will be offered to potential investors, including the registration requirements, filing procedures, and any applicable exemptions under state securities laws. 3. Sales Restrictions: It outlines any restrictions on the sale and transfer of shares, including limitations on resale or transfer to non-accredited investors. This ensures compliance with securities regulations and may prevent undue concentration of ownership. 4. Compensation and Expenses: The agreement may specify the compensation or fees payable to authorized agents or distributors involved in the sale and distribution of the shares. It may also include provisions for reimbursement of expenses incurred during the offering process. 5. Reporting and Record-keeping: The agreement outlines the reporting requirements imposed on the trust, including regular updates on the status of the offering and the financial condition of the trust. It may also dictate the maintenance of accurate records related to share ownership and transactions. 6. Termination and Amendment: The agreement may provide provisions for termination or amendment, allowing for changes to the terms and conditions of the agreement in certain circumstances. These provisions ensure flexibility as market conditions or regulatory requirements evolve over time. Regarding different types of Kentucky Distribution Agreements, variations may exist based on factors such as the nature of the trust, the specific securities laws governing the offering, or the involvement of different authorized agents or distributors. However, it is essential to consult legal professionals specializing in trust law and securities regulations to gain a comprehensive understanding of any potential variations or specific types tailored to Kentucky's jurisdiction.