California Codes, Civil Code - CIV, Division 2 — Property, Part 2 — Real or Immovable Property, Title 2 — Estates in Real Property, Chapter 5 — Housing Cooperatives and Housing Cooperative Trusts, Section 817.3
Each entity named as a sponsor organization of a workforce housing cooperative trust formed pursuant to Section 817 shall have the legal standing of a member unless it revokes, in writing, its sponsorship.
Notes
Establishes that every entity named as a sponsor organization of a workforce housing cooperative trust formed under the referenced provision has the legal standing of a member. That member standing continues unless the sponsor organization revokes its sponsorship in writing, which ends the status created by this rule.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 817.3 | https://laws.lexinter.net/codes/california/civil-code/division-2/part-2/title-2/chapter-5/section-817-3