Substantial economic interest means an economic interest which is of greater benefit to the public servant or other person than to a general class or group of persons, except:
Substantial economic interest means an economic interest which is of greater benefit to the public servant or other person than to a general class or group of persons, except the interest the public servant has in his public employment or the interest a person has as a member of the general public.
Substantial economic interest means an economic interest which is of greater benefit to an employee or other person than to a general class or group of persons except: (1) his salary/compensation, position or rank associated with public employment; (2) his interest as a member of the general public.
Examples of Substantial economic interest in a sentence
Substantial economic interest@ means an economic interest which is of greater benefit to the public servant or other person than to a general class or group of persons, except the interest the public servant has in his public employment or the interest a person has as a member of the general public.
However, Good-faith purchase of stole property had insurable interest; Substantial economic interest because it is lawful in the sense that it was not acquainted against law.
More Definitions of Substantial economic interest
Substantial economic interest means: (i) a general partnership interest; or (ii) a limited partner holding an interest of five (5) percent or more; or (iii) a shareholder holding five (5) percent or more of the issued and outstanding voting or non-voting stock; or, if indirectly, the equivalent thereof.
Substantial economic interest means (i) the ownership of 10 percent or more of the voting stock or shares of the business entity; or (ii) the ownership of $15,000 or more of the fair market value of the business entity: or (iii) funds received from the business entity exceed 10 percent of the recipient’s gross income for the previous year.