The New Mexico Bylaws of Mitchell Hutchins Securities Trust is a set of governing rules and regulations that outline the operations, responsibilities, and procedures of the trust. These bylaws determine how the trust is managed and provide guidance for the trustees, beneficiaries, and interested parties involved. The New Mexico Bylaws of Mitchell Hutchins Securities Trust cover various aspects, including investment management, distributions, trustee powers, beneficiaries' rights, reporting requirements, and amendment procedures. These bylaws are designed to ensure transparency, accountability, and compliance with applicable laws and regulations. Under the New Mexico Bylaws of Mitchell Hutchins Securities Trust, there are typically two distinct types: 1. Investment Management Bylaws: These bylaws focus on the investment strategies, objectives, and guidelines for the trust. They detail the permitted types of investments, asset allocation policies, risk management practices, and the criteria for selecting and monitoring investment managers. The Investment Management Bylaws ensure that the trust's assets are prudently managed to maximize returns while considering the beneficiaries' best interests and the trust's long-term sustainability. 2. Governance Bylaws: The Governance Bylaws govern the administrative and operational aspects of the trust. They establish the roles and responsibilities of the trustees, including their appointment, term limits, fiduciary obligations, and voting procedures. These bylaws may also outline the procedures for holding trustee meetings, record-keeping requirements, conflicts of interest guidelines, and any special provisions relevant to the trust's administration. The New Mexico Bylaws of Mitchell Hutchins Securities Trust are crucial in maintaining the integrity and effective functioning of the trust. They provide a framework for decision-making, dispute resolution, and ensure compliance with legal and regulatory requirements. These bylaws are periodically reviewed and updated as necessary to adapt to changing market conditions, legal obligations, and evolving best practices in the investment management industry.