TeachMeFinance.com - explain Community of interest
Community of interest -- This term means joint ownership
or joint control for the purpose of maintaining harmonious
When, for instance, one set of capitalists in control of one
railroad acquire an interest in a competing railroad with representation
in its board of directors and the set of capitalists
in control of this second railroad acquire an interest in the
other railroad with representation in its board of directors,
with the object of mutual benefit, a community of interest is
established. Also, when two competing railroads together
acquire control of a third line connecting with both a community
of interest is established if the object be mutual benefit.
About the author
Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.