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.
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.
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 mailing address for the ballot shall be listed on the voter list if it differs from the physical address of the voter’s Separate Interest or if only the parcel number is used.