The bylaws of a cooperative affordable housing corporation must contain procedures under which the cooperative affordable housing corporation's possessory remedy will be pursued in the event of a member's default and the rights of a defaulting member, in accordance with section 1755, subsection 2.
Me. Rev. Stat. tit. 13, § 1750
Bylaws; minimum requirements
Known as the Maine Cooperative Affordable Housing Ownership Act
The act spans §§ 1741 to 1764 (24 sections).
PL 1993, c. 300, §1 (NEW).
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.