The term Employee shall not include any partner, officer or employee of a transfer agent,
shareholder accounting recordkeeper or administrator:
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a. |
which is not an affiliated person (as defined in Section 2(a) of the Investment Company Act of
1940) of an Investment Company or of the investment adviser or underwriter (distributor) of such Investment Company, or |
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b. |
which is a bank (as defined in Section 2(a) of the Investment Company Act of 1940).
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This bond does not afford coverage in favor of the employers of persons as set forth in 4. and 7. above, and upon
payment to the INSURED by the UNDERWRITER resulting directly from Larceny or Embezzlement committed by any of the partners, officers or employees of such employers, whether acting alone or in collusion with others, an assignment of such of the
INSUREDS rights and causes of action as it may have against such employers by reason of such acts so committed shall, to the extent of such payment, be given by the INSURED to the UNDERWRITER, and the INSURED shall execute all papers necessary
to secure to the UNDERWRITER the rights provided for herein.
Each employer of persons as set forth in 3., 4. and 7. above and the
partners, officers and other employees of such employers shall collectively be deemed to be one person for all the purposes of this bond, excepting, however, the last paragraph of Section 18.
Independent contractors not specified in 3., 4., and 7. above, intermediaries, agents, brokers or other representatives of the same general
character shall not be considered Employees.
Forgery means the signing of the name of another person or organization with the
intent to deceive but does not mean a signature which consists in whole or in part of ones own name, with or without authority, in any capacity, for any purpose.
Investment Company means an investment company registered under the Investment Company Act of 1940 and as listed under the NAME OF
INSURED on the DECLARATIONS.
Items of Deposit means one or more checks or drafts drawn upon a financial institution in the United
States of America.
Larceny or Embezzlement means larceny or embezzlement as set forth in Section 37 of the Investment Company
Act of 1940.
Property means money (i.e., currency, coin, bank notes, or Federal Reserve notes); postage and revenue stamps; U.S.
Savings Stamps; securities, including any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of deposit, certificate of interest or participation in any profit-sharing agreement, collateral trust certificate,
preorganization certificate or subscription, transferable share, investment contract, voting trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any interest or instruments
commonly known as security under the Investment Company Act of 1940, any other certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase any of the
foregoing; bills of exchange; acceptances; checks; withdrawal orders; money orders; travelers letters of credit; bills of lading; abstracts of title; insurance policies; deeds; mortgages on real estate and/or upon chattels and
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G-131697-A (ED. 06/98) |
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Copyright © CNA All Rights Reserved. |
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