California Law (Last Updated: March 4, 2014) |
Civil Code - CIV |
Division 4. GENERAL PROVISIONS |
Part 5. Common Interest Developments |
Chapter 4. Ownership and Transfer of Interests |
ARTICLE 5. Transfer of Separate Interest |
Section 4640.
Latest version.
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In a stock cooperative, any conveyance, judicial sale, or other voluntary or involuntary transfer of the separate interest includes the ownership interest in the corporation, however evidenced. Any conveyance, judicial sale, or other voluntary or involuntary transfer of the owner's entire estate also includes the owner's membership interest in the association.
(Added by Stats. 2012, Ch. 180, Sec. 2. Effective January 1, 2013. Operative January 1, 2014, by Sec. 3 of Ch. 180.)