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A "In a co-op, the proprietary lease governs allocation of financial responsibility between tenant-shareholders and the corporation," said Bruce Cholst, a Manhattan co-op lawyer.
This technique, developed by underlying index provider Zacks Investment Research, follows fundamental factors such as earnings growth in a proprietary formula, which determines allocations between 16 different U.S. equity sectors targeting 1,000 of the largest firms.
Proprietary Information.
Proprietary hints are the dividend.
Proprietary Rights.
Proprietary, schmoprietary, says Rodriguez.
Proprietary Sensor Node.
Under this system, investors submit bids online, and proprietary software determines the ultimate price and allocation; all investors are thus able start out on an equal footing, something the traditional underwriting process didn't do.
The approaches fund managers use to rate ESG/SRI sensitive securities for weightings and allocations in their portfolios are proprietary and non-transparent and potentially leave room to be self-serving.
In addition to a 401k fee analyzer and an asset allocation evaluator, it also offers a proprietary algorithm that calculates a Financial Sustainability Index (FSI).
So if the "different formula" part of the allocation was permitted by the building's proprietary lease, or was intended to treat all shareholders fairly based on the use of some facility or service, the formula would most likely be upheld.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com