(1) Under the law of England and Wales or Northern Ireland the following provisions have effect with respect to the execution of documents by an open-ended investment company.
(2) A document is executed by a company by the affixing of its common seal.
(3) A company need not have a common seal, however, and the following provisions of this regulation apply whether it does or not.
(4) A document that is signed by at least one director and expressed (in whatever form of words) to be executed by the company has the same effect as if executed under the common seal of the company.
(5) A document executed by a company which makes it clear on its face that it is intended by the person or persons making it to be a deed has effect, upon delivery, as a deed; and it is to be presumed, unless a contrary intention is proved, to be delivered upon its being executed.
(6) In favour of a purchaser, a document is deemed to have been duly executed by a company if it purports to be signed by at least one d
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