§ 20.32.550. Special requirements—Conversion of a stock cooperative or a community apartment project to a condominium.


Latest version.
  • A stock cooperative or a community apartment project shall not be converted to a condominium, unless the required number of owners in the project, as specified in the bylaws or other documents, have voted in favor of such conversion. If no documents expressly specify the number of votes required to approve such a conversion, a majority vote of the owners in the project shall be required.

(Ord. C-5975 § 1 (part), 1983)