Minnesota 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 A Minnesota Distribution Agreement is a legally binding contract governing the continuous offering of transferable shares of beneficial interest in a trust. This agreement sets forth the terms and conditions under which the trust can distribute its shares to investors and ensures compliance with relevant laws and regulations. The purpose of the Minnesota Distribution Agreement is to establish clear guidelines and procedures for the ongoing sale and transfer of the trust's shares. It outlines the responsibilities of both the trust and the investors, ensuring transparency, accountability, and regulatory compliance in the distribution process. When it comes to different types of Minnesota Distribution Agreements, there may be variations based on the structure and nature of the trust. Some common types include: 1. Open-Ended Distribution Agreement: This type of agreement allows the trust to offer shares to new investors continuously, without any predetermined closing date. Shares can be purchased and redeemed on an ongoing basis, offering investors flexibility in entry and exit points. 2. Closed-End Distribution Agreement: In contrast to an open-ended agreement, a closed-end distribution agreement has a predetermined closing date for the offering of shares. Once this date is reached, no further shares can be issued, and the trust is typically not responsible for buybacks or redemptions. 3. Interval Distribution Agreement: This agreement provides investors with a limited window of opportunity to buy or redeem shares at specific intervals, such as monthly or quarterly periods. It offers a balance between the continuous offering and the closed-end structure. In all types of Minnesota Distribution Agreements, certain key provisions are typically included. These may encompass details regarding the minimum investment amounts, pricing mechanisms, payment methods, investor rights and protections, transfer restrictions, disclosure requirements, and dispute resolution procedures. Compliance with Minnesota state laws, such as the Minnesota Uniform Securities Act, is crucial in drafting and executing a valid and enforceable Distribution Agreement. Adherence to federal securities laws, including registration requirements under the Securities Act of 1933, should also be addressed to ensure lawful offerings within the broader regulatory framework. In conclusion, a Minnesota Distribution Agreement facilitates the continuous offering of a trust's transferable shares of beneficial interest. It ensures that the distribution process adheres to legal requirements and establishes guidelines for fair and transparent transactions. The specific type of agreement may vary based on factors such as the trust's structure and the offering's open-end or closed-end nature.

A Minnesota Distribution Agreement is a legally binding contract governing the continuous offering of transferable shares of beneficial interest in a trust. This agreement sets forth the terms and conditions under which the trust can distribute its shares to investors and ensures compliance with relevant laws and regulations. The purpose of the Minnesota Distribution Agreement is to establish clear guidelines and procedures for the ongoing sale and transfer of the trust's shares. It outlines the responsibilities of both the trust and the investors, ensuring transparency, accountability, and regulatory compliance in the distribution process. When it comes to different types of Minnesota Distribution Agreements, there may be variations based on the structure and nature of the trust. Some common types include: 1. Open-Ended Distribution Agreement: This type of agreement allows the trust to offer shares to new investors continuously, without any predetermined closing date. Shares can be purchased and redeemed on an ongoing basis, offering investors flexibility in entry and exit points. 2. Closed-End Distribution Agreement: In contrast to an open-ended agreement, a closed-end distribution agreement has a predetermined closing date for the offering of shares. Once this date is reached, no further shares can be issued, and the trust is typically not responsible for buybacks or redemptions. 3. Interval Distribution Agreement: This agreement provides investors with a limited window of opportunity to buy or redeem shares at specific intervals, such as monthly or quarterly periods. It offers a balance between the continuous offering and the closed-end structure. In all types of Minnesota Distribution Agreements, certain key provisions are typically included. These may encompass details regarding the minimum investment amounts, pricing mechanisms, payment methods, investor rights and protections, transfer restrictions, disclosure requirements, and dispute resolution procedures. Compliance with Minnesota state laws, such as the Minnesota Uniform Securities Act, is crucial in drafting and executing a valid and enforceable Distribution Agreement. Adherence to federal securities laws, including registration requirements under the Securities Act of 1933, should also be addressed to ensure lawful offerings within the broader regulatory framework. In conclusion, a Minnesota Distribution Agreement facilitates the continuous offering of a trust's transferable shares of beneficial interest. It ensures that the distribution process adheres to legal requirements and establishes guidelines for fair and transparent transactions. The specific type of agreement may vary based on factors such as the trust's structure and the offering's open-end or closed-end nature.