Vermont § 1600 Deposits; sale of cooperative interests; escrow

Vermont Statutes

§ 1600 — Deposits; sale of cooperative interests; escrow

Vermont·Title 11 Title 11: Corporations, Partnerships and Associations·Ch. 14 Chapter 014: Cooperative Housing Ownership Act

Deposits taken in connection with the sale of cooperative interests by a cooperative housing corporation, with respect to units intended for residential use shall be deposited and held in an interest-bearing escrow account for the benefit of the purchaser, until such time as the transaction closes unless the escrow requirement is expressly waived by the purchaser. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)

Free access — add to your briefcase to read the full text and ask questions with AI

Deposits taken in connection with the sale of cooperative interests by a cooperative housing corporation, with respect to units intended for residential use shall be deposited and held in an interest-bearing escrow account for the benefit of the purchaser, until such time as the transaction closes unless the escrow requirement is expressly waived by the purchaser. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)

Vermont § 1600 (Deposits; sale of cooperative interests; escrow) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.