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2012 Vermont Statutes
Title 11 Corporations, Partnerships and Associations
Chapter 14 COOPERATIVE HOUSING OWNERSHIP ACT
§ 1586 Property classification of cooperative interest


11 V.S.A. § 1586. What's This?

§ 1586. Property classification of cooperative interest

(a) A cooperative interest is personal property.

(b) The possessory interest evidenced by a proprietary lease is a part of and may not be severed from a cooperative interest. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)

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