HomeMy WebLinkAbout0920 f .
On the effective dnte. ISA-Delavare at~:?ll hnve the same investment
ob~ectives and investment policiea of ISA-Minnesota as reclted in its
registration statement and reports filed under the Inves[ment Company
Act of 1940 and with each individual state and shall eucceed to auch ~
registration etatements of ISA-Minnesuta.
On the Effective Date, the aesats, liabilities, reaerves a~d accounts of
each of the constituent corporations shall be taken upon the booka of
ISA Delavare at the amounte at which they, respectively, shall then be
carried on the books of the constituen[ corporations, subject to-such
adjustments, or elimina[lona of intercompany items, as may be appro-
priate in giving effect to the merger. The retained earnings of the .
' Company shall become the retained earnings of ISA Delaaare. The aggregate ~
~ amount of net assets of ISA Delavare available for the payment of dividends
~ shall ~e determined in accordance vith the General Corporation Lav of
~ the State of Delar+are.
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~ All corporate acts, plans~ policiee, approvale and authorizations af the
~ Company, ita atockholders~ Board of Directors~ commit[ees elected or
~ appointed by the Board of Directora, officera and agents, Which were
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~ valid and effective imaaedia[ely prior to the Effective Da[e shall be
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~ taken for all purposes on and after the Effective Date as the ac[s,
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plans~ policiee~ approvals and au[horiza(lons of ISA Delavare and ahall
be as effective and binding thereon as the eame vere with respect to the
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~ Company. The employeea and agents of the Company iom~ediately prior to F
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~ the Effective Date ehall become Ehe employees and agents of ISA Delavare
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on and af[er the Effective Date. and ehall become entitled to the same
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