CEBULAR v. COOPER ARMS HOMEOWNERS ASSOCIATION PART- II
Declaration of covenants, conditions and restrictions whereby owners converted form of ownership of building in which they lived from a stock cooperative to a condominium, with each unit owner casting a number of votes in proportion to number of shares said owner had in cooperative and with common area and other assessments being similarly apportioned, did not violate state common interest development, unfair business practices, or nonprofit corporation laws.
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