§1745. Property classification of cooperative interest
45 words·~1 min read·
/me/title-13-corporations/chapter-85-cooperatives/1745·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. Personal property. A cooperative interest is personal property.
[PL 1993, c. 300, §1 (NEW).]
2. Nonseverable interest. The possessory interest evidenced by a proprietary lease is a part of and may not be severed from a cooperative interest.
[PL 1993, c. 300, §1 (NEW).]