Nevada Revised Statutes 673.0056 – ‘Cooperative housing corporation’ defined
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‘Cooperative housing corporation‘ means a corporation organized under the laws of this State or any other state for the purpose of the cooperative ownership of real estate whereby each of the stockholders or members is entitled, through ownership of stock or a certificate of membership in the corporation, to occupy a house, apartment or other dwelling unit on real estate owned by the corporation.
Terms Used In Nevada Revised Statutes 673.0056
- 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.