Stock cooperative definition

Stock cooperative means a corporation to which all of the

Stock cooperative means a development in which a corporation is formed or availed of, primarily for the purpose of holding title to, either in fee simple or for a term of years, improved real property, and all or substantially all of the shareholders of the corporation receive a right of exclusive occupancy in a portion of the real property, title to which is held by the corporation. The owners’ interest in the corporation, whether evidenced by a share of stock, a certificate of membership, or otherwise, shall be deemed to be an interest in a common interest development and a real estate development for purposes of subdivision (f) of Section 25100 of the Corporations Code.

Stock cooperative means a corporation to which all of the following apply:

Examples of Stock cooperative in a sentence

• Section 11003.2 of the Business and Professions Code is amended to read: 11003.2. "Stock cooperative" has the same meaning as specified in Section 4190 of the Civil Code, except that, as used in this CHAPTER, a "stock cooperative" does not include a limited-equity housing cooperative.

• Briefly describe any provisions addressing par value.• VA-Gen §§ 13.1-301, 13.1-302: Stock cooperative must issue stock with nominal or par value; common stockholders limited to owning shares with par value no greater than$1,000.

• Stock cooperative subdivision final public reports are typed at both the Northern and Southern Subdivision Offices.

• Stock cooperative; interests included in conveyance, judicial sale or transfer of separate interestsFormerly cited as CA CIVIL § 1358 In a stock cooperative, any conveyance, judicial sale, or other voluntary or involuntary transfer of the separate interest includes the ownership interest in the corporation, however evidenced.

• Stock cooperative; interests included in conveyance, judicial sale or transfer of separate interests 42§ 4645.

More Definitions of Stock cooperative

Stock cooperative means the same as defined in California Business and Professions Code section 11003.2.

Stock cooperative means a corporation which is formed or availed of primarily for the purpose of holding title to, either in fee simple or for a term of years, improved real property, if all or substantially all of the shareholders of such corporation receive a right of exclusive occupancy in a portion of the real property, title to which is held by the corporation, which right of occupancy is transferrable only concurrently with the transfer of share or shares of stock in the corporation held by the person having such right of occupancy.

Stock cooperative means a development in which a corporation is

Stock cooperative means a real property development in which a right of exclusive occupancy of a specified part of the development is coupled with an ownership interest in a corporation that is formed or availed of primarily for the purpose of holding title to the development as a whole, either in fee simple or for a term of years. (b) An owner’s interest in the corporation, whether evidenced by a share of stock, a certificate of membership, a lease, or otherwise, is deemed to be an interest in a common interest development and a real estate development for purposes of subdivision (f) of Section 25100 of the Corporations Code. (c) It is not necessary that all shareholders of the corporation receive a right of exclusive occupancy of a specified part of the development. (d) A “stock cooperative” includes a limited equity housing cooperative that meets the criteria of Section 33007.5 of the Health and Safety Code.

Stock cooperative means a development in which a corporation is formed or availed of, primarily for the purpose of holding title to, either in fee simple or for a term of years, improved real property, and all or substantially all of the shareholders of the corporation receive a right of exclusive occupancy in a portion of the real property, title to which is held by the corporation.

Stock cooperative means an apartment development in which an undivided interest in the land is coupled with the right of exclusive occupancy of an apartment in the development. For the purposes of these regulations, stock cooperatives will be subject to the same requirements as condominiums. (Ord. 1490 § 3 (part), 2006)

Stock cooperative means stock cooperative as defined in Section 11003.2 of the Business and Professions Code; property consisting of dwelling units owned by a cooperation whereby the tenants are the shareholders of the corporation.