California Codes, Civil Code - CIV, Division 4 — General Provisions, Part 5 — Common Interest Developments, Chapter 4 — Ownership and Transfer of Interests, Article 5 — Transfer of Separate Interest, Section 4640
In a stock cooperative, any conveyance, judicial sale, or other voluntary or involuntary transfer of the separate interest includes the ownership interest in the corporation, however evidenced. Any conveyance, judicial sale, or other voluntary or involuntary transfer of the owner’s entire estate also includes the owner’s membership interest in the association.
Notes
Establishes that any voluntary or involuntary transfer, conveyance, or judicial sale of a separate interest in a stock cooperative includes the ownership interest in the corporation, however evidenced. A transfer of the owner’s entire estate also includes the owner’s membership interest in the association, carrying both related interests with the transfer.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 4640 | https://laws.lexinter.net/codes/california/civil-code/division-4/part-5/chapter-4/article-5/section-4640