Statutes > Rhode Island Statutes > Title 7 - Corporations, Associations and Partnerships > CHAPTER 7-6.1 - Cooperative Housing Corporations > § 7-6.1-12 - Termination of proprietary leases.

§ 7-6.1-12 - Termination of proprietary leases.

SECTION 7-6.1-12

   § 7-6.1-12  Termination of proprietaryleases. – A cooperative housing corporation may terminate all of its proprietary leases,but only by agreement of proprietary lessees holding at least eighty percent(80%) of its stock or any larger percentage than specified in the articles orbylaws.