CHAPTER 5. Housing Cooperatives and Housing Cooperative Trusts

Chapter 5 added by Stats. 2009, Ch. 520, Sec. 2.

§§ 817–817.4 · 5 sections

• § 817 “Limited-equity housing cooperative” or a “workforce housing cooperative trust” means a corporation organized on a cooperative basis that, in addition to…
• § 817.1 (a) A “workforce housing cooperative trust” is an entity organized pursuant to this section that complies with Section 817 and with all of the following: (1)…
• § 817.2 The procedure for the dissolution of a limited-equity housing cooperative or workforce housing cooperative trust that receives or has received a public subsidy…
• § 817.3 Each entity named as a sponsor organization of a workforce housing cooperative trust formed pursuant to Section 817 shall have the legal standing of a member…
• § 817.4 (a) In any action instituted on or after January 1, 2010, against a board of directors and its members based upon a breach of corporate or fiduciary duties or…