EQR » Topics » THE TRUST; CERTAIN DEFINITIONS

This excerpt taken from the EQR 10-K filed Mar 14, 2005.

THE TRUST; CERTAIN DEFINITIONS

 

SECTION 1.1                                                                         Name.  The name of the trust (hereinafter called the “Trust”) is:

 

Equity Residential

 

SECTION 1.2                                                                         Resident Agent.  The name and address of the resident agent of the Trust in the State of Maryland are The Corporation Trust Incorporated, 300 E. Lombard Street, Baltimore, Maryland 21202.  The Trust may have such offices or places of business within or without the State of Maryland as the Trustees may from time to time determine.

 

SECTION 1.3                                                                         Nature of Trust.  The Trust is a real estate investment trust within the meaning of Title 8 (as hereinafter defined).

 

SECTION 1.4                                                                         Powers. The Trust shall have all of the powers granted to real estate investment trusts generally by Title 8 and shall have any other and further powers as are not inconsistent with Title 8 or any other applicable law.

 

SECTION 1.5                                                                         Definitions.  As used in this Declaration of Trust, the following terms shall have the following meanings unless the context otherwise requires:

 

Affiliate” or “Affiliated” means, as to any corporation, partnership, trust or other association (other than the Trust), any Person (i) that holds beneficially, directly or indirectly, 5 % or more of the outstanding stock or equity interests thereof or (ii) who is an officer, director, partner or trustee thereof or of any Person which controls, is controlled by, or is under common control with, such corporation, partnership, trust or other association or (iii) which controls, is controlled by, or is under common control with, such corporation, partnership, trust or other association.

 

Board of Trustees” means the Board of Trustees of the Trust.

 

Code” means the Internal Revenue Code of 1986, as amended.

 



 

Declaration” or “Declaration of Trust” means this Second Amended and Restated Declaration of Trust, including any amendments or supplements hereto.

 

Person” means an individual, corporation, partnership, estate, trust (including a trust qualified under Section 401(a) or 501(c)(17) of the Code), a portion of a trust permanently set aside for or to be used exclusively for the purposes described in Section 642(c) of the Code, association, private foundation within the meaning of Section 509(a) of the Code, joint stock company or other entity, or any government and agency or political subdivision thereof.

 

REIT Provisions of the Code” means Section 856 through 860 of the Code and any successor or other provisions of the Code relating to real estate investment trusts (including provisions as to the attribution of ownership of beneficial interests therein) and the regulations promulgated thereunder.

 

Securities” means Shares (as hereinafter defined), any stock, shares or other evidences of equity, beneficial or other interests, voting trust certificates, bonds, debentures, notes or other evidences of indebtedness, secured or unsecured, convertible, subordinated or otherwise, or in general any instruments commonly known as “securities” or any certificates of interest, shares or participations in, temporary or interim certificates for, receipts for, guarantees of, or warrants, options or rights to subscribe to, purchase or acquire, any of the foregoing.

 

Securities of the Trust” means any Securities issued by the Trust.

 

Shareholders” means holders of record of outstanding Shares.

 

Shares” means transferable shares of beneficial interest of the Trust of any class or series.

 

Title 8” means Title 8 of the Corporations and Associations Article of the Annotated Code of Maryland, as amended, or any successor statute.

 

Trustee” means, individually, an individual, and “Trustees” means, collectively, the individuals, in each case as named in Section 2.2 of this Declaration so long as they continue in office and any and all other individuals who have been duly elected and qualify as trustees of the Trust hereunder.

 

Trust Property” means any and all property, real, personal or otherwise, tangible or intangible, which is transferred or conveyed to the Trust or the Trustees (including all rents, income, profits and gains therefrom), which is owned or held by, or for the account of, the Trust or the Trustees.

 

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