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November 04, 2024 Clouds | 49°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XXII CORPORATIONS
  4. Chapter 157B COOPERATIVE HOUSING CORPORATIONS
  5. Section 12 Termination of proprietary leases

Section 12

Section 12: Termination of proprietary leases

Section 12. A cooperative corporation may terminate all of its proprietary leases, but only by agreement of proprietary lessees holding at least 80 per cent of its stock or any larger percentage the specified in the articles or by-laws.