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How many members are required for a co-operative housing society?
Wiki User
∙ 13y ago
It is unclear from your question where the 'society' might be located. There may be different definitions in different countries for 'co-operative housing society'.
In USA, a co-operative housing situation is one where a corporation owns the physical facility, and owners purchase shares in the corporation and are given a proprietary lease for the square footage assigned to them.
In this paradigm, as few as two owners/ members could develop a co-operative housing situation.
Your addition of the word 'society' adds a different connotation to the business aspect of a USA co-operative. Your query may be for a commune or other multi-family ownership situation. In this case, the governing documents may limit and/or require a certain number of members in order to maintain viability.
Wiki User
∙ 13y ago
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