Beneficial Interest


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Beneficial Interest

The right of a person to enjoy or otherwise use a property or other asset even if he/she does not actually own it. For example, the beneficiary of a trust has beneficial interest because he receives the income derived from the assets in the trust, but he does not own the assets themselves. This concept is very similar to beneficial ownership.
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50 per share of beneficial interest of the Companys 8.
50% Series C Cumulative Redeemable Preferred Shares of Beneficial Interest and a regular quarterly cash dividend of USD0.
Accordingly, every three issued and outstanding common shares of beneficial interest will be converted into one common share of beneficial interest and every three OP Units will be converted into one OP Unit.
Modification of the governing instrument of an exempt trust by judicial or non-judicial reformation, that is valid under state law will not cause an exempt trust to be subject to transfer tax provisions if (1) the modification does not shift a beneficial interest in the trust to any beneficiary who occupies a lower generation than the person or persons who held the beneficial interest prior to the modification, and (2) the modification does not extend the time for vesting of any beneficial interest in the trust beyond the period provided in the original trust.
The Backreef-1 well was drilled to at least 1500m by 31 October 2010 and accordingly a 100% beneficial interest in the Backreef Area, Canning Basin, Western Australia has been earned.
A restriction on the transfer of a beneficial interest of the debtor in a trust that is enforceable under applicable nonbankruptcy law is enforceable in a case under this fide.
A company accepting the life settlement company's offer relinquishes ownership and beneficial interest in the policy in exchange for a cash payment.
CJAC points out that because "beneficial interest" is undefined, the bill would allow anyone to claim a beneficial interest, which would open the statute to use by trial attorneys interested in collecting the excessive fees.
This beneficial interest should be measured and subsequently remeasured at fair value using a valuation technique such as the present value of estimated future cash flows.
BANKING AND CREDIT NEWS-February 24, 2011--JCR gives J-1 rating to receivable beneficial interest of A&D(C)2011 M2 COMMUNICATIONS http://www.
It includes, in some instances, a direct or indirect interest, as well as a beneficial interest, in a foreign bank or securities account.
Healthcare real estate Physicians Realty Trust (NYSE:DOC) said on Thursday that the underwriters of its public offering of 16,500,000 common shares of beneficial interest have exercised their option to purchase another 2,475,000 common shares of beneficial interest at the public offering price per share of USD16.