(a) A cooperative interest is personal property.
(b) The possessory interest evidenced by a proprietary lease is a part of and may not be severed from a cooperative interest.
Vt. Stat. Ann. tit. 11, § 1586
Property classification of cooperative interest
Known as the Cooperative Housing Ownership Act
The act spans §§ 11–11 (30 sections).
Added 1987, No. 254 (Adj
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.