Massachusetts General Laws ch. 157B sec. 12 – Termination of proprietary leases
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Section 12. A cooperative corporation may terminate all of its proprietary leases, but only by agreement of proprietary lessees holding at least 80 per cent of its stock or any larger percentage the specified in the articles or by-laws.
Terms Used In Massachusetts General Laws ch. 157B sec. 12
- 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.