Rhode Island General Laws 7-6.1-12. Termination of proprietary leases
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A cooperative housing corporation may terminate all of its proprietary leases, but only by agreement of proprietary lessees holding at least eighty percent (80%) of its stock or any larger percentage than specified in the articles or bylaws.
History of Section.
P.L. 1986, ch. 256, § 1.
Terms Used In Rhode Island General Laws 7-6.1-12
- 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.