Cooperative Interest | Practical Law

Cooperative Interest | Practical Law

Cooperative Interest

Cooperative Interest

Practical Law Glossary Item 3-383-2173 (Approx. 2 pages)

Glossary

Cooperative Interest

Regarding real property, an ownership interest in a cooperative organization, which interest, when created, is coupled with possessory rights of a proprietary nature in identified physical space belonging to the cooperative organization. A subsequent termination of the possessory rights shall not cause an ownership interest to cease being a cooperative interest (UCC § 9-102(a)(27-b)).