PART V.  COOPERATIVE HOUSING CORPORATIONS

§499.1.  Short title; purpose

A.  This Part shall be known as the "Cooperative Housing Corporation Law".  

B.  The purpose of this Part is to foster safe, decent, and affordable housing in the state by enabling individuals to form cooperative corporations for the purpose of developing, acquiring, owning, and/or operating multi-family and single family housing units on a cooperative plan.  

Acts 1990, No. 857, §1.