Class C Corp For Small Business

State:
Multi-State
Control #:
US-EG-9402
Format:
Word; 
Rich Text
Instant download

Description

The Class C Corp for small business form outlines the Distribution Plan for Class C shares of Putnam High Yield Trust II, governed by Rule 12b-1 under the Investment Company Act of 1940. This document specifies that the Trust is to pay a monthly fee to Putnam Mutual Funds Corp, determined as 1.00% of the average net asset value of the shares, alongside potential commissions to investment dealers. The plan emphasizes the importance of obtaining approval from a majority of Class C shareholders and trustees for its execution and continuation. It includes provisions for regular reporting and transparency, detailing expenses incurred and their purposes. Important features include the ability for trustees to amend or terminate the plan under specific conditions, ensuring the interests of shareholders are prioritized. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in corporate finance and investment management, allowing them to understand the legal and financial responsibilities associated with Class C shares. The document serves as a guide for compliance and operational efficiency in managing mutual fund investment strategies tailored to small business owners.
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  • Preview Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II
  • Preview Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II
  • Preview Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II

How to fill out Class C Distribution Plan And Agreement Between Putnam Mutual Funds Corp And Putnam High Yield Trust II?

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FAQ

As noted above, a Notice of Commencement is required in Michigan, and, the failure to file and post as required can open up the project, property, GC, and owner to ?hidden? mechanics lien claims.

A contractor, subcontractor, supplier, or laborer who provides an improvement to real property may acquire a construction lien under the Michigan Construction Lien Act (CLA).

You must file a construction lien in Michigan within 90 days of the date you last worked on the property or supplied materials for the improvement project. Failing to meet this strict deadline leaves you without legal recourse.

2 An unlicensed builder is not entitled to claim a lien against the property. In addition, unless your written contract contains other language required by Michigan Construction Lien Act, MCL 570.110 et seq., that, too, may bar you from recording a claim of construction lien.

Note: if the project is residential, a general contractor may only file a lien if there is a written contract with the property owner.

You must file a construction lien in Michigan within 90 days of the date you last worked on the property or supplied materials for the improvement project. Failing to meet this strict deadline leaves you without legal recourse.

Record the Claim of Lien in the County Register of Deeds where the Owner's property is located, within 90 calendar days after last labor or material. Serve a copy of the recorded Claim of Lien on the Owner's Designee within 15 days from date of recording by certified mail or personal delivery.

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Class C Corp For Small Business