DIVISION 31. HOUSING AND HOME FINANCE 50000-54034›PART 1. STATE HOUSING POLICY AND GENERAL PROVISIONS 50000-50222›CHAPTER 2. Definitions 50050-50106
§ 50076.5
California Health and Safety Code · 2020-11 edition · updated 2026-10-04 · California
“Limited equity housing cooperative” means a corporation organized pursuant to Section 33007.5 of this code and Section 11003.4 of the Business and Professions Code. For purposes of this division, a limited equity housing cooperative is a nonprofit corporation or nonprofit housing sponsor. However, a limited equity housing cooperative shall not be deemed to be nonprofit for the purpose of Chapter 10 (commencing with Section 50775).
(Added by Stats. 1981, Ch. 1165.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code