Bylaws (2006)Full Document 

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BY-LAWS

OF

T. ROWE PRICE PRIME RESERVE FUND, INC.

AS AMENDED:

JULY 25, 1978

JANUARY 23, 1979

MAY 1, 1981

JANUARY 20, 1982

APRIL 14, 1982

JANUARY 1, 1983

JANUARY 21, 1988

APRIL 20, 1990

JULY 1, 1991

JULY 20, 1993

JANUARY 18, 1994

JULY 21, 1999

OCTOBER 16, 2002

FEBRUARY 5, 2003

APRIL 21, 2004

FEBRUARY 8, 2005


TABLE OF CONTENTS

Page

ARTICLE I.NAME OF CORPORATION, LOCATION OF OFFICES AND

SEAL1

1.01.Name 1

1.02.Principal Offices 1

1.03.Seal 1

ARTICLE II.STOCKHOLDERS 1

2.01.Annual Meetings 1

2.02.Special Meetings 2

2.03.Place of Meetings 2

2.04.Notice of Meetings 2

2.05.Voting - In General 3

2.06.Stockholders Entitled to Vote 3

2.07.Voting - Proxies 3

2.08.Quorum 3

2.09.Absence of Quorum 4

2.10.Stock Ledger and List of Stockholders 4

ARTICLE III.BOARD OF DIRECTORS 4

3.01.Number and Term of Office 4

3.02.Qualification of Directors 4

3.03.Election of Directors 4

3.04.Removal of Directors 5

3.05.Vacancies and Newly Created Directorships 5

3.06.General Powers 5

3.07.Power to Issue and Sell Stock 5

3.08.Power to Declare Dividends 6

3.09.Annual and Regular Meetings 6

3.10.Special Meetings 6

3.11.Notice 7

3.12.Waiver of Notice 7

3.13.Quorum and Voting 7

3.14.Conference Telephone 7

3.15.Compensation 7

3.16.Action Without a Meeting 7

3.17.Director Emeritus 7

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ARTICLE IV.EXECUTIVE COMMITTEE AND OTHER COMMITTEES 8

4.01.How Constituted 8

4.02.Powers of the Executive Committee 8

4.03.Other Committees of the Board of Directors 8

4.04.Proceedings, Quorum and Manner of Acting 8

4.05.Other Committees 8

ARTICLE V.OFFICERS 9

5.01.General 9

5.02.Election, Term of Office and Qualifications 9

5.03.Resignation 9

5.04.Removal 9

5.05.Vacancies and Newly Created Offices 9

5.06.Chairman of the Board 10

5.07.President 10

5.08.Vice President 10

5.09.Treasurer and Assistant Treasurers 10

5.10.Secretary and Assistant Secretaries11

5.11.Subordinate Officers11

5.12.Remuneration11

ARTICLE VI.CUSTODY OF SECURITIES AND CASH11

6.01.Employment of a Custodian11

6.02.Central Certificate Service12

6.03.Cash Assets12

6.04.Free Cash Accounts12

6.05.Action Upon Termination of Custodian Agreement12

ARTICLE VII.EXECUTION OF INSTRUMENTS, VOTING OF SECURITIES13

7.01.Execution of Instruments13

7.02.Voting of Securities13

ARTICLE VIII.CAPITAL STOCK13

8.01.Ownership of Shares13

8.02.Transfer of Capital Stock14

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8.03.Transfer Agents and Registrars14

8.04.Transfer Regulations14

8.05.Fixing of Record Date14

8.06.Lost, Stolen or Destroyed Certificates14

ARTICLE IX.FISCAL YEAR, ACCOUNTANT15

9.01.Fiscal Year15

9.02.Accountant15

ARTICLE X.INDEMNIFICATION AND INSURANCE16

10.01.Indemnification and Payment of Expenses in Advance16

10.02.Insurance of Officers, Directors, Employees and Agents17

ARTICLE XI.AMENDMENTS17

11.01.General17

11.02.By Stockholders Only18

ARTICLE XII.MISCELLANEOUS18

12.01.Use of the Term "Annual Meeting"18

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T. ROWE PRICE PRIME RESERVE FUND, INC.

(A Maryland Corporation)

BY-LAWS

ARTICLE I

NAME OF CORPORATION,

LOCATION OF OFFICES AND SEAL

Section 1.01.Name: The name of the Corporation is T. ROWE PRICE PRIME RESERVE FUND, INC.

(Section 1.01. Name, as amended May 1, 1981)

Section 1.02.Principal Offices: The principal office of the Corporation in the State of Maryland shall be located in the City of Baltimore. The Corporation may, in addition, establish and maintain such other offices and places of business, within or without the State of Maryland, as the Board of Directors may from time to time determine. [ MGCL, Sections 2-103(4), 2-108(a)(1) ]
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