State Codes and Statutes
Statutes > Maine > Title13 > Title13ch85sec0 > Title13sec1745Title 13: CORPORATIONS
Part 2: CORPORATIONS WITHOUT CAPITAL
Chapter 85: COOPERATIVES
Subchapter 1-A: COOPERATIVE AFFORDABLE HOUSING OWNERSHIP HEADING: PL 1993, C. 300, §1 (NEW)
§1745. Property classification of cooperative interest
1. Personal property. A cooperative interest is personal property.
[ 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.
[ 1993, c. 300, §1 (NEW) .]
SECTION HISTORY
1993, c. 300, §1 (NEW).
