Section 4-1510 - Effect of conversion on tenants.
§ 4-1510. Effect of conversion on tenants.
If a rental housing facility is converted to limited equity cooperative housing with the help of a Program loan, a tenant may not be required to vacate the premises because the tenant does not elect to become a stockholder in the corporation owning the limited equity cooperative housing.
[An. Code 1957, art. 83B, § 2-510; 2005, ch. 26, § 2.]