Vermont Statutes
§ 1586 — Property classification of cooperative interest
Vermont·Title 11 Title 11: Corporations, Partnerships and Associations·Ch. 14 Chapter 014: Cooperative Housing Ownership Act
(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.)
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