Maine Statutes
§ 13 §1745 — Property classification of cooperative interest
1.Personal property.
A cooperative interest is personal property.
2.Nonseverable interest.
The possessory interest evidenced by a proprietary lease is a part of and may not be severed from a cooperative interest.
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Legislative History
PL 1993, c. 300, §1 (NEW).
Nearby Sections
15
§ 13 §171
Formation of trusts forbidden§ 13 §173
Penalties§ 13 §1731
Procedure§ 13 §1741
Short title§ 13 §1742
Definitions§ 13 §1743
Application§ 13 §1744
Name; use of "cooperative"§ 13 §1748
Organizational meeting§ 13 §1749
Membership§ 13 §1750
Bylaws; minimum requirements§ 13 §1751
Membership shares; requirements