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Saturday, June 11, 2022 12:26:42 PM
—Common Shares, Example—
I still hold an interest (in loose terms) because I can sell, transfer, leverage my F/F common shares (element of alienability).
But my right to judge management performance —my voting right—is now held 100% by the Conservator per HERA (element of control).
So I might hold a non-property interest. But My interest if any is contingent on not being affected, defeased, in part or whole, at any time now or under Conservatorship by another party over whom I have *no formal say*.
That is what the CAFC said 2/22, IMO.
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