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. Any conveyance, judicial sale, or other voluntary or involuntary transfer of the owner’s entire estate also includes the owner’s membership interest in the association.
Cal. Civ. Code § 6666
Transfer of Separate Interest
Known as the Commercial and Industrial Common Interest Development Act
The act spans §§ 6500–6876 (98 sections).
Added by Stats. 2013, Ch. 605, Sec. 21
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.