EX-99.(I)(1) 7 dex99i1.htm OPINION OF DRINKER, BIDDLE & REATH LLP Opinion of Drinker, Biddle & Reath LLP

Exhibit (i)(1)

Drinker Biddle & Reath LLP

One Logan Square

18th and Cherry Streets

Philadelphia, PA 19103

(215) 988-2700 (Phone)

(215) 988-2757 (Facsimile)

www.drinkerbiddle.com

December 29, 2006

The RBB Fund, Inc.

Bellevue Park Corporate Center

400 Bellevue Parkway

Wilmington, Delaware 19809

 

  Re: Shares Registered by Post-Effective Amendment No. 110 to Registration Statement on Form N-1A (File No. 33-20827)

Ladies and Gentlemen:

We have acted as counsel to The RBB Fund, Inc. (the “Company”) in connection with the preparation and filing with the Securities and Exchange Commission of Post-Effective Amendment No. 110 (the “Amendment”) to the Company’s Registration Statement on Form N-1A under the Securities Act of 1933, as amended. The Board of Directors of the Company has authorized the issuance and sale by the Company of the following classes and numbers of shares of common stock, $ .001 par value per share (collectively, the “Shares”), with respect to the Company’s Money Market, Robeco Boston Partners Large Cap Value, Robeco Boston Partners Mid Cap Value, Robeco Boston Partners Long/Short Equity, Robeco Boston Partners All-Cap Value, Robeco Boston Partners Small Cap Value II, Robeco WPG Core Bond, Robeco WPG Small Cap Value, Robeco WPG Large Cap Growth, Bogle Small Cap Growth, Schneider Small Cap Value, Schneider Value, Senbanc, n/i numeric investors Emerging Growth, n/i numeric investors Growth, n/i numeric investors Mid Cap and n/i numeric investors Small Cap Value Portfolios:

 

PORTFOLIO

   CLASS    AUTHORIZED SHARES

Money Market

   L
I
   1500 million
1500 million

Robeco Boston Partners Large Cap Value

   QQ
RR
   100 million
100 million


PORTFOLIO

   CLASS    AUTHORIZED SHARES

Robeco Boston Partners Mid Cap Value

   UU
TT
   100 million
100 million

Robeco Boston Partners Long/Short Equity

   III
JJJ
   100 million
100 million

Robeco Boston Partners All-Cap Value

   VV
WW
   100 million
100 million

Robeco Boston Partners Small Cap Value II

   DDD
EEE
   100 million
100 million

Robeco WPG Core Bond

   SSS
TTT
XXX
   100 million
50 million
100 million

Robeco WPG Small Cap Value

   UUU    50 million

Robeco WPG Large Cap Growth

   VVV    50 million

Bogle Small Cap Growth

   NNN
OOO
   100 million
100 million

Schneider Small Cap Value

   YY    100 million

Schneider Value

   PPP    100 million

Senbanc

   WWW    50 million

n/i numeric investors Emerging Growth

   FF    50 million

n/i numeric investors Growth

   GG    50 million

n/i numeric investors Mid Cap

   HH    50 million

n/i numeric investors Small Cap Value

   MMM    100 million

The Amendment seeks to register an indefinite number of the Shares.

We have reviewed the Company’s Articles of Incorporation, ByLaws, resolutions of its Board of Directors, and such other legal and factual matters as we have deemed appropriate. This opinion is based exclusively on the Maryland General Corporation Law and the federal law of the United States of America.


Based upon and subject to the foregoing, it is our opinion that the Shares, when issued for payment as described in the Company’s Prospectuses offering the Shares and in accordance with the Company’s Articles of Incorporation for not less than $ .0001 per share, will be legally issued, fully paid and non-assessable by the Company.

We consent to the filing of this opinion as an exhibit to the Amendment to the Company’s Registration Statement. We hereby certify that Post-Effective Amendment No. 110 does not contain disclosure that would render it ineligible to become effective immediately upon filing pursuant to Rule 485(b) under the Securities Act of 1933.

 

Very truly yours,

/s/ Drinker Biddle & Reath

Drinker Biddle & Reath LLP