HomeMy WebLinkAbout0905 9. TD~. aale or trauaf~r of th• intsrest of an~
Inv~stor hsr~und~r, e~ccspt pursuaat to Paragraph 5 hersof,
~sh~ll not b• •alid unl~aa ths tr~nsl~r~• ia an individual of
full ag~, unl~aa dup~icate originals of appropri~t• writtsn
instrwnents •~id~ainp auch sals 4nd transf~r are d~li~sr~d
to ths ~gent for depoaiL with th~ origiual aop~ of this
agrssment, and unlssa th~ tran~f~ree ahall acc~pt the tr4na-
fsr in vritin~. I! ths tranal~r~s ca~plies xlth the~e rs-
quireasnts, h~ ehall bs a aemb~r of t hs ~oint venture with
ths sams ri6hts and obllgationi as th• tr~n,sf~ror.
10. ~n~ In~~stor ~aq d~ai6nate an~ indi~idual
of full age to suaa~sd his, upon his de4th, a~ a a~~ab~r o1'
the ~oint •~nturs. Such designation shall bs ~ads la ths
Ltat Will ~uad Tsatament ot ths decsued In~estor or, if not
so oads, the ~ascutor or adainistrator of the dscsased Ia-
•s~tor'a •at~t• shall nak~ and d~li~~r such designation.
In either ~rr~nt, the ex~cutor or ad~ini~trator ahall also
.V deliver •uch othsr laatruaeAta u ths Ag~nt ma~ require to
; svidsACe the tr4nafer of ths~ d~o~i?a~d In~~stor's int~r~it to
;
~ the d~sign~s. 4a~ indi~idual ao d~aignated shall acc~pt such
d~aignation in rrriting, ~nd sh~21 ther~npon b~ a~saber of
th~ ~oint ~~ntur• with th~ a aiae Mghta and oblig~t lons aa
th~ d~csaa~d In~~ator. ~
~
. ,
Ia tU~ ~~~at that aa~ In~~ator dis a~d no aua- ~
t
~ c~s•or for bia la qualili~d vitbin •ight (8) ~onth~ thsr~-
af t~r, tt~ ~ur~i~iag Ia~~~tors aa~ purahaae ths interest o!
the deceaa~d In~~aLor h~r~uad~r ~itbia ninet~ (90) da~a arLsr
ths sxpir~tion ot ~uah sight (a) soAtt~' p~riod, and th~
sur~i~iaa In~~~tors ahall ahar• in •uch purahass in propor-
tioa to th~ir r~~p~oti~~ lraatiaaal iat~r~~ta. Tb~ pria• ~
•hall b• the a~unt of the oapit~l eontribution of tb• d~-
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