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Terms Used In Vermont Statutes Title 11 Sec. 1590

  • 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.

§ 1590. Minimum occupancy requirement

Subject to the provisions of section 1589 of this title, at least 80 percent of a cooperative housing corporation‘s occupied units shall be occupied by members. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)