Examples of Certificate of Beneficial Interest in a sentence
This Certificate of Beneficial Interest is issued pursuant to and is entitled to the benefits of the Trust Agreement, and the Owner hereof by acceptance hereof agrees to be bound by the terms of the Trust Agreement.
The Trustee may treat the Person in whose name this Certificate of Beneficial Interest is registered on the register maintained by the Trustee pursuant to Section 10.01(d) of the Trust Agreement as the absolute Owner hereof for all purposes.
ASC acknowledges receipt from Snake River of a signed and notarized Affidavit of Lost Certificate of Beneficial Interest and Indemnity Agreement ("Snake River Certificate Affidavit") in lieu of receiving the original certificate representing the Trust Certificate from Snake River, which ASC is holding in escrow pending its release from escrow as provided by Section 3.03(a) herein.
It is further expressly intended that the Directors and Certificate of Beneficial Interest holders are not associated together in the pursuit of the business purposes hereof in any way.
When you purchase your unit, your ownership is legally in the form of a Certificate of Beneficial Interest (CBI), one for each unit in our buildings.