Examples of Common Interest in a sentence
The ownership of a Common Interest by a Member shall be evidenced by a certificate (a “Certificate”) issued by the Company.
Each Common Interest shall entitle its holder to one vote per Common Interest on each matter on which the Member shall be entitled to vote.
Notwithstanding the foregoing, the Company shall not be required to register the transfer, or exchange, any Certificate if as a result the transfer of the Common Interest at issue would cause the Company or the Member to violate the Securities Act, the Exchange Act, the Investment Company Act, or the laws, rules, regulations, orders and other directives of any Governmental Authority or otherwise violate the terms of this Agreement or the Shareholders Agreement.
The Common Interest constitutes personal property and shall be freely transferable and assignable in whole but not in part upon registration of such transfer and assignment on the books of the Company in accordance with the procedures established for such purpose by the Managers of the Company.
This part shall be known and may be cited as the Davis-Stirling Common Interest Development Act.