Vermont § 1593 - Membership shares; requirements A cooperative housing corporation shall issue shares to its members as evidence of their ownership of a cooperative interest
Full text of Vermont Vermont Statutes Online § 1593 — Membership shares; requirements A cooperative housing corporation shall issue shares to its members as evidence of their ownership of a cooperative interest, with citation guidance and answers to common questions.
§ 1593. Membership shares; requirements A cooperative housing corporation shall issue shares to its members as evidence of their ownership of a cooperative interest
- . Such shares shall be in a form prescribed
in the articles of incorporation or bylaws of the cooperative housing corporation.
Restrictions upon transfer of shares shall be noted on the face of the certificates
representing shares. No membership shares shall be issued under this section and no
proprietary leases shall be issued under section 1599 of this title prior to issuance of a certificate of incorporation as a cooperative housing corporation. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988; amended 2023, No. 85 (Adj. Sess.), § 29, eff. July 1, 2024.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 1593
What does Vermont Statutes Online § 1593 cover?
Section 1593 ("Membership shares; requirements A cooperative housing corporation shall issue shares to its members as evidence of their ownership of a cooperative interest") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 1593?
A common citation format is "Vermont Statutes Online § 1593" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 1593 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.