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Vermont Statutes Annotated

14

11 V.S.A. ch. 14

Cooperative Housing Ownership Act

1581Short title 1582Purpose 1583Definitions 1584Application 1585Name; use of “cooperative”1586Property classification of cooperative interest 1587Perfection of security interests in cooperative interests 1588Articles of incorporation; minimum requirements 1589Subscriptions for membership prior to organization; organization meeting 1590Minimum occupancy requirement 1591Membership 1592Bylaws; minimum requirements 1593Membership shares; requirements 1594Voting 1595Meetings; notice; quorum 1596Directors; election; removal 1597Merger; consolidation 1598Limited equity cooperatives 1599Proprietary lease 1600Deposits; sale of cooperative interests; escrow 1601Offering of cooperative interests; subscription agreement; disclosures required 1602Consumer protection; enforcement 1603Dissolution 1604Loans 1605Net income; apportionment 1606Conversion; cooperative apartments 1607Nondiscrimination 1608Eligibility for property tax relief [Effective until contingency met; see also 11 V.S.A. § 1608 effective July 1, 2028 if contingency met, set out below]1609Homestead exemption from attachment and execution 1610Separate taxation; mobile home cooperatives