California Civil Code > Part 5. Common Interest Developments (Davis-Stirling Common Interest Development Act) > Chapter 4. Ownership and Transfer of Interests > Article 5. Transfer of Separate Interest > Civil Code §4640. Separate Interest Transfer 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. [2012 – Based on former §1358(d)]