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§1758
Title 13: CORPORATIONS
Part 2: CORPORATIONS WITHOUT CAPITAL
Chapter 85: COOPERATIVES
Subchapter 1-A: COOPERATIVE AFFORDABLE HOUSING OWNERSHIP
§1760

§1759. Loans

Any lender is authorized to make loans secured by shares in a cooperative affordable housing corporation, including limited equity cooperatives. For purposes of Title 9‑A, section 1‑202, subsection 8, a loan secured by shares of a cooperative affordable housing corporation must be considered a loan secured by a mortgage on real estate.   [RR 2025, c. 2, Pt. A, §94 (COR).]
SECTION HISTORY
PL 1993, c. 300, §1 (NEW). RR 2025, c. 2, Pt. A, §94 (COR).
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