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URL:https://www.learndesk.us/class/6620336978132992/lesson/79d176382c957496c808de031c7890e7?ref=outlook-calendar
SUMMARY:Cooperatives
DTSTART;TZID=America/Los_Angeles:20260516T190000
DTEND;TZID=America/Los_Angeles:20260516T200000
LOCATION:https://www.learndesk.us/class/6620336978132992/lesson/79d176382c957496c808de031c7890e7?ref=outlook-calendar
DESCRIPTION: 
Interests, rights, and obligations
Organization and management
Cooperative disclosures

In a cooperative, or co-op, one owns shares in a non-profit corporation or cooperative association, which in turn acquires and owns an apartment building as its principal asset. Along with this stock, the shareholder acquires a proprietary lease to occupy one of the apartment units.
The number of shares purchased reflects the value of the apartment unit in relation to the property's total value. The ratio of the unit's value to total value also establishes what portions of the property's expenses the owner must pay.
The Cooperative

The exhibit shows a nine-unit apartment building. A cooperative corporation buys the building for $900,000. All nine units are of equal size, so the corporation decides that each apartment represents a value of $100,000, or 1/9 of the total. The co-op buyer pays the corporation $100,000 and receives 1/9 of the corporation's stock. The shareholder also receives a...

https://www.learndesk.us/class/6620336978132992/lesson/79d176382c957496c808de031c7890e7?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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