Property classification of cooperative interest

  1. Law
  2. Vermont Statutes
  3. Corporations, Partnerships and Associations
  4. Cooperative Housing Ownership Act
  5. Property classification of cooperative interest

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§ 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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