Which of the following individuals would be considered a noninterested person in a mutual fund?
A) A member of the board of directors who is also employed as the investment adviser.
B) A shareholder who owns 10% of the fund's shares.
C) A person who holds a position with the fund's underwriter.
D) A member of the board of directors who does not hold another position within the investment company.
Answer: D) A member of the board of directors who does not hold another position within the investment company.