There is a newer version
of
this Section
2019 Utah Code
Title 57 - Real Estate
Chapter 23 - Real Estate Cooperative Marketing Act
Section 2 - Definitions.
Universal Citation: UT Code § 57-23-2 (2019)
57-23-2. Definitions.
As used in this chapter:
Enacted by Chapter 262, 1991 General Session
As used in this chapter:
- (1) "Cooperative" means a form of coownership of real estate in which:
- (a) the fee interest in the real estate is held by a corporation, partnership, trust, or other legal entity;
- (b) an individual's interest in the cooperative is evidenced in a form such as stock, participation shares, membership certificates, or similar instrument; and
- (c) the participating individual's right of occupancy is demonstrated by a proprietary lease or similar instrument.
- (2) "Division" means the Division of Real Estate of the Department of Commerce.
Enacted by Chapter 262, 1991 General Session
Disclaimer: These codes may not be the most recent version. Utah may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
