unity of interest

Related to unity of interest: Unity of possession

unity of interest

n
(Law) property law the equal interest in property held by joint tenants
References in classic literature ?
To the superstitious mind of Devil's Ford and its few remaining locators, this new partnership seemed to promise that unity of interest and stability of fortune that Devil's Ford had lacked.
Instead of poverty, general prosperity and content; instead of hostility, harmony and unity of interests. In short, a bloodless revolution, but a revolution of the greatest magnitude, beginning in the little circle of our district, then the province, then Russia, the whole world.
Generally, a creditor may be entitled to pierce the corporate veil when two requirements are met: 1) a unity of interest and ownership exists such that the separate nature of the company and its stockholders does not exist, and 2) the observance of the corporate form would sanction a fraud or promote injustice (see id.
For these reasons, the Court rejects the proposed defendants' contention that no such unity of interest existed and finds that the second prong of the Brock test has been satisfied.
(41) This element does not require every team to have complete unity of interest, but rather that the economic success of each entity is linked.
Copperweld advanced a "unity of interest" test, holding that
There is, in fact, a unity of interest and you can't be an owner while the other person entitled to purchase is a protected tenant at the same time."
(6) The voting stock requirement may owe its existence to the initial placement of the indirect credit within the consolidated return provisions of the Revenue Act of 19 18, where the privilege of filing such a return is conditioned on a unity of interest in the affiliated entity as evidenced by the ownership of voting stock.
This was due to the requirement of the "unities." In the case of tenancy or tenants by the entirety (TBE), there are six unities: 1) unity of possession (joint ownership and control); 2) unity of interest (the interests in the property must be identical); 3) unity of title (the interests must have originated in the same instrument); 4) unity of time (the interests must have commenced simultaneously); 5) survivorship; and 6) unity of marriage (the parties must be married at the time the property became titled in their joint names).
"The protest aims to assert the unity of interests and goal, which is to have a free country that enjoys a free press and freedom among its citizens," according to the statement announcing the protest.
This is regardless of all the talk about coexistence, the unity of interests, and similar goodwill announcements.

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