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Chapter: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | | General Provisions |
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Article: 1 | 2 | | Definitions | |||
Section: 4075 | 4076 | 4078 | 4080 | 4085 | 4090 | 4095 | 4100 | 4105 | 4110 | 4120 | 4125 | 4130 | 4135 | 4140 | 4145 | 4148 | 4150 | 4153 | 4155 | 4158 | 4160 | 4170 | 4175 | 4177 | 4178 | 4185 | 4190 | |
Section 4190 - Stock Cooperative
(a) "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.
(b) A "stock cooperative" includes a limited equity housing cooperative which is a stock cooperative that meets the criteria of Section 817.
This section is referenced in Sections: 4185
First Enacted: Old CID Section 1351(m)
Amended: Statutes of 2012, Chapter 180
Similar to: CI-CID Section 6566