Vermont Laws

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.)