Property classification of cooperative interest

  1. Law
  2. Maine Revised Statutes
  3. CORPORATIONS
  4. CORPORATIONS WITHOUT CAPITAL
  5. COOPERATIVES
  6. COOPERATIVE AFFORDABLE HOUSING OWNERSHIP
  7. Property classification of cooperative interest

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§1745. Property classification of cooperative interest

1.  Personal property.  A cooperative interest is personal property.  

[PL 1993, c. 300, §1 (NEW).]

2.  Nonseverable interest.  The possessory interest evidenced by a proprietary lease is a part of and may not be severed from a cooperative interest.  

[PL 1993, c. 300, §1 (NEW).]

SECTION HISTORY

PL 1993, c. 300, §1 (NEW).


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