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2019 Vermont Statutes
Title 11 - Corporations, Partnerships and Associations
Chapter 14 - Cooperative Housing Ownership Act
§ 1586 Property classification of cooperative interest
Universal Citation: 11 V.S.A. § 1586
§ 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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