California Health and Safety Code 50076.5 – “Limited-equity housing cooperative” means a corporation organized …
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“Limited-equity housing cooperative” means a corporation organized pursuant to § 817 of the Civil Code and § 11003.4 of the Business and Professions Code. For purposes of this division, a limited equity housing cooperative is a nonprofit corporation or nonprofit housing sponsor.
(Amended by Stats. 2022, Ch. 632, Sec. 5. (SB 1252) Effective January 1, 2023.)
Terms Used In California Health and Safety Code 50076.5
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.