Cooperative Housing Ownership Act

  1. Law
  2. Vermont Statutes
  3. Corporations, Partnerships and Associations
  4. Cooperative Housing Ownership Act

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Section
1581

Short title

Section
1582

Purpose

Section
1583

Definitions

Section
1584

Application

Section
1585

Name; use of 'cooperative'

Section
1586

Property classification of cooperative interest

Section
1587

Perfection of security interests in cooperative interests

Section
1588

Articles of association; minimum requirements

Section
1589

Subscriptions for membership prior to organization; organization meeting

Section
1590

Minimum occupancy requirement

Section
1591

Membership

Section
1592

Bylaws; minimum requirements

Section
1593

Membership shares; requirements

Section
1594

Voting

Section
1595

Meetings; notice; quorum

Section
1596

Directors; election; removal

Section
1597

Merger; consolidation

Section
1598

Limited equity cooperatives

Section
1599

Proprietary lease

Section
1600

Deposits; sale of cooperative interests; escrow

Section
1601

Offering of cooperative interests; subscription agreement; disclosures required

Section
1602

Consumer protection; enforcement

Section
1603

Dissolution

Section
1604

Loans

Section
1605

Net income; apportionment

Section
1606

Conversion; cooperative apartments

Section
1607

Nondiscrimination

Section
1608

Eligibility for property tax relief

Section
1609

Homestead exemption from attachment and execution

Section
1610

Separate taxation; mobile home cooperatives