Davis-Stirling
Common Interest Development Act

Chapter 4. Ownership Rights and Transfer of Interests

Article 5. Transfer of Separate Interest

§ 4640. Transfer of Separate Interest in Stock Cooperative.

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.