§ 1582. Purpose
The purpose of this chapter is to foster creation and preservation of affordable housing in Vermont by enabling individuals to form cooperative housing corporations, including limited equity cooperatives, for the purpose of developing, acquiring, owning, and operating housing on a cooperative basis, and by encouraging lending institutions to engage in financing of cooperative housing ownership interests. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)
Structure Vermont Statutes
Title 11 - Corporations, Partnerships and Associations
Chapter 14 - Cooperative Housing Ownership Act
§ 1585. Name; use of “cooperative”
§ 1586. Property classification of cooperative interest
§ 1587. Perfection of security interests in cooperative interests
§ 1588. Articles of association; minimum requirements
§ 1589. Subscriptions for membership prior to organization; organization meeting
§ 1590. Minimum occupancy requirement
§ 1592. Bylaws; minimum requirements
§ 1593. Membership shares; requirements
§ 1595. Meetings; notice; quorum
§ 1596. Directors; election; removal
§ 1598. Limited equity cooperatives
§ 1600. Deposits; sale of cooperative interests; escrow
§ 1601. Offering of cooperative interests; subscription agreement; disclosures required
§ 1602. Consumer protection; enforcement
§ 1605. Net income; apportionment
§ 1606. Conversion; cooperative apartments
§ 1608. Eligibility for property tax relief