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If a unit in a cooperative is owned by a unit owner or is sold, conveyed, voluntarily or involuntarily encumbered or otherwise transferred by a unit owner, the interest in that unit which is owned, sold, conveyed, encumbered or otherwise transferred is the right to possession of that unit under a proprietary lease, coupled with the allocated interests of that unit, and the association's interest in that unit is not thereby affected. (35) “Unit” means a physical portion of the common interest community designated for separate ownership or occupancy, the boundaries of which are described pursuant to subdivision (5) of subsection (a) of section 47-224. Requirements for public offering statement when community is subject to development rights. Requirements for public offering statement when ownership or occupancy is by time shares.

Display of object on entry door or entry door frame which is motivated by observance of religious practice or belief.

Assessments due to wilful misconduct, failure to comply with standards or gross negligence.

Lien for assessments and other sums due association.

Applicability to preexisting common interest communities.

Exception for certain preexisting common interest communities.

45 comments

  1. Companies advance myriad strategies for creating value with acquisitions--but only a handful are likely to do so.

  2. In these instances the revenues are classified as income taxes. Also, refundable personal income tax credits are in this category. d - Includes the federal tax.

  3. For purposes of this title, the term “C corporation” means, with respect to any taxable year, a corporation which is not an S corporation for such year.

  4. MERGER & CONSOLIDATION OVERVIEW 4282. ii to be paid the fair market value of his or her shares by the pre-merger or pre-consolidation corporation.

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