Vt. Stat. Ann. tit. 11, § 1586
Property classification of cooperative interest
Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 1, 2021
(1) A cooperative interest is personal property.
(1) A cooperative interest is personal property.
(2) The possessory interest evidenced by a proprietary lease is a part of and may not be severed from a cooperative interest. Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.
(2) The possessory interest evidenced by a proprietary lease is a part of and may not be severed from a cooperative interest.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.