Substantial interest definition

Substantial interest means holding of a beneficial interest by an individual or his spouse or minor child, whether singly or taken together in the shares of a company, the amount paid up on which exceeds ten per cent of the paid up capital of the company; or the capital subscribed by all the partners of a partnership firm;
Substantial interest means combined ownership by you and your spouse of at least 10% of the voting stock or shares of a business entity, or that you or your spouse is a partner, limited partner, or officer of the business entity.
Substantial interest means the ownership, either legally or equitably, by an individual, the individual's spouse, or the individual's minor children, of at least 10% of the outstanding capital stock of a corporation or a 10% interest in any other business entity.

Examples of Substantial interest in a sentence

  • Substantial interest holders, who are employed by the entity in which they hold such substantial interest, must receive a customary wage.

  • Substantial interest has been devoted to studying how the menstrual cycle may affect athletic performance and mediate injury risk.


More Definitions of Substantial interest

Substantial interest means any pecuniary or proprietary interest, either direct or indirect, other than a remote interest.
Substantial interest means the direct or indirect ownership of more than 25% of the assets or stock of any business.
Substantial interest means the lesser of: as large an interest in a corporation, partnership, or association as that of any other shareholder, partner, or principal; or any financial or equity interest equal to or greater than five percent.
Substantial interest means the ownership, either legally or equitably, by an
Substantial interest means any of the following:
Substantial interest means the direct or indirect legal or beneficial ownership of more than ten (10%) percent of any class of equity or similar interest.
Substantial interest means holding of a beneficial interest by an individual or his spouse or minor child, whether singly or taken together in