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Searching 2021-2022 Session

The Vermont Statutes Online

 

Title 11 : Corporations, Partnerships and Associations

Chapter 014 : COOPERATIVE HOUSING OWNERSHIP ACT

(Cite as: 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.)