FEDERAL · 15 U.S.C. · Chapter 62

Termination of self-dealing contracts

15 U.S.C. § 3607
Title15Commerce and Trade
Chapter62 — CONDOMINIUM AND COOPERATIVE CONVERSION PROTECTION AND ABUSE RELIEF

This text of 15 U.S.C. § 3607 (Termination of self-dealing contracts) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
15 U.S.C. § 3607.

Text

(a)Operation, maintenance, and management contracts; penalty Any contract or portion thereof which is entered into after October 8, 1980, and which—
(1)provides for operation, maintenance, or management of a condominium or cooperative association in a conversion project, or of property serving the condominium or cooperative unit owners in such project;
(2)is between such unit owners or such association and the developer or an affiliate of the developer;
(3)was entered into while such association was controlled by the developer through special developer control or because the developer held a majority of the votes in such association; and
(4)is for a period of more than three years, including any automatic renewal provisions which are exercisable at the sole option of the developer or

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Source Credit

History

(Pub. L. 96–399, title VI, §608, Oct. 8, 1980, 94 Stat. 1676.)

Editorial Notes

Editorial Notes

Codification
In subsec. (a), "October 8, 1980" was substituted for "the effective date of this title". See Effective Date note set out under section 3601 of this title.

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Bluebook (online)
15 U.S.C. § 3607, Counsel Stack Legal Research, https://law.counselstack.com/usc/15/3607.