direct or indirect interest definition
direct or indirect interest means an interest in an entity held directly or an interest held indirectly through interests in one or more intermediary entities connected through a chain of ownership to the entity in question, taking into account the dilutive effect of the interests of others in such intermediary entities.
direct or indirect interest means (i) an ownership interest in the fee, (ii) an ownership interest as a joint tenant, tenant in common, or tenant by the entirety,
direct or indirect interest means an ownership, stock ownership, loan, property, leasehold or other beneficial interest or holding office as director, officer or trustee in an entity. The term does not include an individual’s interests in less than one percent of publicly traded companies, nor mutual or common investment funds such as employee pension plans and publicly traded mutual funds, unless the individual is involved in the management or investment decisions of such fund or plan or the fund or plan specializes in gambling related issues;
More Definitions of direct or indirect interest
direct or indirect interest as used in this policy, shall mean a voluntarily acquired ownership interest. It shall include community property interests recognized under Washington State law. It shall include interests held for the benefit of the Investment Officer's minor children. It shall not include an interest held as trustee for the sole benefit of others; interests held as executor or administrator of an estate; and interests acquired involuntarily.