Examples of Separate Interest in a sentence
The Separate Interest Trust shall not be an asset of the Trust Fund or any REMIC established hereby.
If title to a Separate Interest is held by a legal entity that is not a natural person, the governing authority of that legal entity shall have the power to appoint a natural person to be a Member for the purpose of candidacy or serving on the Board.
In the event more than one ballot is cast for a particular Separate Interest, only the first ballot received will be opened and counted.
The Corridor Residual Owner will own the residual interest in the Separate Interest Trust.
Persons holding a fee simple interest in a Separate Interest merely as security for the performance of an obligation are not eligible to either be a candidate for or to serve on the Board.