ULC

Acts

Real Estate Cooperative

Description

This is a companion act to the Uniform Condominium Act and the Uniform Planned Community Act. Real estate cooperatives are created when an association assumes title to real property, which then is leased back to its members. Each member, also, owns a share of the association. The Model Act provides comprehensive legislation governing the critical phases of cooperative development: creation, financing, management, and termination.

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Staff Contact

Benjamin Orzeske borzeske@uniformlaws.org

 

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2018 Introductions & Enactments

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Drafting History

Origin: Completed by the Uniform Law Commission in 1981.
Committee/Resources: Real Estate Cooperative