Definition

Ownership of an interest in a corporation which is formed primarily for the purpose of holding title to improved real property, either in fee simple or for a term of years. All or substantially all of the shareholders receive a right of exclusive occupancy of a portion of the real property, which right is transferable only concurrently with the transfer of the share(s) of stock in the corporation.

Standard Lookup Value: Stock Cooperative

Legacy OData Value: StockCooperative

Lookup Name: CommonInterest

Synonym(s):  --

BEDES: --

Lookup Name ID: f880a9b

Lookup ID: f832ea7

References: RESI, RLSE, RINC, LAND, MOBI, FARM, COMS, COML

Spanish Lookup Value: Cooperativa de Bolsa

French-Canadian Lookup Value: Parts dans une coopérative

Status Change Date: AUG 09 2017

Revision Date: JUN 17 2021

Added in Version: 1.6.0



For more information on items displayed on this page, see Data Dictionary Terms and Meta Definitions.


Page Revision Date: Sep 14 2022

Form: LookupValue

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