Cooperative Affordable Housing Ownership | Midpage

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Maine Revised Statutes

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Cooperative Affordable Housing Ownership

1741Short title 1742Definitions 1743Application 1744Name; use of "cooperative"1745Property classification of cooperative interest 1746Perfection of security interests in cooperative interests 1747Articles of incorporation; minimum requirements 1748Organizational meeting 1749Membership 1750Bylaws; minimum requirements 1751Membership shares; requirements 1752Voting 1753Merger; consolidation 1754Limited equity cooperatives 1755Proprietary lease 1756Offering of cooperative interests; subscription agreement; disclosures required 1757Consumer protection; enforcement 1758Dissolution 1759Loans 1760Net income; apportionment 1761Nondiscrimination 1762Property tax provisions 1763Group equity cooperative 1764Housing assistance programs