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Printable Form 990 (Schedule J) San Angelo Texas: What You Should Know

OBLIGATIONS OF TRUSTEES AND PARTNERS Any of this Trustee's and Member's obligations of loyalty (i) shall be limited to serving the Trust and the Member as Trustees and Members and to acting in such capacity only; and (ii) shall not be limited to the specific performance of an act, omissions or duties, except that any such requirement must be satisfied if acting in such capacity pursuant to any provisions of or other duty imposed on Trustees or Members that has the effect of rendering that person a fiduciary. For purposes of this section, the Trust and one of the Trustee's or Member's fiduciary duties shall be deemed to include a duty to be candid and forthright with the Trust and the Member. FOR OFFICERS, DIRECTORS, CHAIRMEN, SPONSORS, ADVISORS, MEMBERS OR EMPLOYEES OF THE SAME ORGANIZATION OTHER THAN THE TRUST AND THE MAJORITY STOCKHOLDERS OR HOLDERS OF STOCKHOLDERS STOCK IN THE TRUST, EACH SHALL BE SUBJECTS TO A BOND OF THE SAME VALUE AS THAT EQUAL TO THE VALUE OF THE PARTIED AMOUNTS OWED BY THE TRUST TO EACH IN THE EVENT THAT A BOND IS NOT ABLE TO BE PAID WITH THE STOCK PRICE OF THE TRUST SENT INTO THE TRUST. EXCEPT AS EXPRESSLY PROVIDED BY LAW, NO MEMBER OR TRUSTEE SHALL BE SUBJECT IN ANY CIRCUMSTANCES, HOWEVER ARISING TO THAT MEMBER OR TRUSTEE (I) TO ANY PRINCIPAL LIABILITY WHICH REMAINS AFTER THE SENDING OF SUCH BOND OR (II) TO ANY PRINCIPAL LIABILITY WHICH COULD HAVE BEEN IMPOSED AFTER THE SENDING OF SUCH BOND, UNLESS OTHERWISE PROVIDED BY LAW. The foregoing provisions shall not apply to: (i) any agent or employee of the Trust or of the Member; (ii) (A) any director, officer or stockholder of the issuers, underwriters, or underwriters assisting in the development of the Fund or making any investment with respect to the Fund; and (B) any director, officer or stockholder responsible for the performance of his principal duties.

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