§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).
Structure Maine Revised Statutes
Part 2: CORPORATIONS WITHOUT CAPITAL
Subchapter 1-A: COOPERATIVE AFFORDABLE HOUSING OWNERSHIP
13 §1744. Name; use of "cooperative"
13 §1745. Property classification of cooperative interest
13 §1746. Perfection of security interests in cooperative interests
13 §1747. Articles of incorporation; minimum requirements
13 §1748. Organizational meeting
13 §1750. Bylaws; minimum requirements
13 §1751. Membership shares; requirements
13 §1753. Merger; consolidation
13 §1754. Limited equity cooperatives
13 §1756. Offering of cooperative interests; subscription agreement; disclosures required
13 §1757. Consumer protection; enforcement