District of Columbia Distribution Agreement regarding the continuous offering of the Trust's transferable shares of beneficial interest

• Category: Corporations - Public - Distribution
• State: Multi-State
• Control #: US-EG-9319
• Format: Word; Rich Text

Description

Distribution Agreement between Active Assets Premier Money Trust and Morgan Stanley Dean Witter Advisors, Inc. regarding the continuous offering of the Trust's transferable shares of beneficial interest (without par value) in order to promote the growth

The District of Columbia Distribution Agreement is a legally binding contract that outlines the terms and conditions for the continuous offering of the Trust's transferable shares of beneficial interest in the District of Columbia. This agreement serves to regulate the distribution process and ensure compliance with applicable securities laws and regulations. Key components of the District of Columbia Distribution Agreement include: 1. Parties involved: The agreement typically involves the trust that issues the transferable shares (referred to as the "Issuer") and the authorized broker-dealer(s) or other entities responsible for distributing the shares (referred to as the "Distributor"). 2. Offering terms: The agreement specifies the terms of the offering, including the types of shares being offered, their price, any applicable sales charges or fees, and minimum investment requirements. This information helps investors make informed decisions about investing in the trust. 3. Registration requirements: The agreement ensures that the distribution of transferable shares complies with all relevant registration requirements under District of Columbia securities laws. It outlines the necessary filings, disclosures, and reporting obligations that the Issuer and Distributor must fulfill to maintain compliance. 4. Marketing and advertising: The agreement may include provisions regarding the marketing and advertising activities undertaken by the Distributor to promote the offering. This ensures that all advertising materials are accurate, comply with applicable laws, and do not mislead potential investors. 5. Selling restrictions: The agreement may impose certain restrictions on the sale of transferable shares, such as limitations on resale or transferability. These restrictions may be designed to prevent unauthorized resales or to comply with specific regulatory requirements. 6. Termination provisions: The agreement may outline circumstances under which the agreement can be terminated, such as upon the occurrence of certain events or by mutual agreement of the parties involved. Different types of District of Columbia Distribution Agreements may exist based on the specific nature of the trust or the arrangement between the Issuer and Distributor. For example, some agreements may focus on the continuous offering of a specific type of shares (e.g., common shares, preferred shares, or different classes of shares). It is crucial for all parties involved in the continuous offering of the Trust's transferable shares of beneficial interest to thoroughly understand and comply with the provisions outlined in the District of Columbia Distribution Agreement. This helps protect the interests of investors, maintain regulatory compliance, and ensure a fair and transparent distribution process.