Prior to entering the holder of the interest, the interest shares must be identified.

Method

Enter the number of share(s) of the interest in the "Number of fractional Shares" field and click the "Create Shares" button. The system will refresh the screen and the Interest Holder area will now be displayed.

There are four methods by which you can identify an interest holder, they are:

Create New

1. Click the "Create New" button. The system displays the "Create Client" screen.

If the new holder does not have an existing client number in the LAND System, you must create a new client entity by providing all of the relevant information.

Select from Packet

1. Click the "Select from Packet" button. The system displays a list of client numbers already identified within the current packet.

2. Click the radio button beside the appropriate client and click "OK". The system closes the current window.

Search for Corporation

1. Click the "Search for Corporation" button. The system displays a new window that allows you to search for a corporation that has an existing client number in the LAND System.

You can search by corporation name or by corporations branch (COBRA) linked client number.

Use Existing Client Number
If you know the client number for the interest holder, simply enter the client number and click the "Quick Add" button. 

Notes

• If there is only one holder or multiple holders who will hold the interest jointly, enter 1/1. If there is more than one holder and each holds a separate share, the fractional shares can be expressed in any way as long as all the shares equal 1/1, e.g. three separate holders may be 2/3, 1/6 and 1/6.
• Only 1 interest share can be viewed at a time, in order to navigate to another interest share, use the "Current Share" drop-down list.  Also, if you need to delete an interest share, ensure that the share to be deleted is displayed, then click the "Delete share" button.