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Current as of January 01, 2025 | Updated by Findlaw Staff
As used in this chapter:
(1) “Cooperative” means a form of coownership of real estate in which:
(a) the fee interest in the real estate is held by a corporation, partnership, trust, or other legal entity;
(b) an individual's interest in the cooperative is evidenced in a form such as stock, participation shares, membership certificates, or similar instrument; and
(c) the participating individual's right of occupancy is demonstrated by a proprietary lease or similar instrument.
(2) “Division” means the Division of Real Estate of the Department of Commerce.
Cite this article: FindLaw.com - Utah Code Title 57. Real Estate § 57-23-2. Definitions - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-57-real-estate/ut-code-sect-57-23-2/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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