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The Vermont Statutes Online
Title
11
:
Corporations, Partnerships and Associations
Chapter
014
:
COOPERATIVE HOUSING OWNERSHIP ACT
§
1602. Consumer protection; enforcement
(a) For purposes
of this section, "consumer" means an actual or prospective
subscriber, purchaser, member, assignee, or transferee of a cooperative
interest with respect to a residential unit. A "consumer" includes a
co-obligor or surety for a consumer.
(b) To the
extent that a violation of a provision of this chapter affects a consumer, that
violation is deemed to be a violation of 9 V.S.A. § 2453 and is subject to all
rights, obligations, and penalties provided under 9 V.S.A. chapter 63.
(c) Failure or
neglect to provide to subscribers or purchasers the documents and disclosures
required by section 1601 of this title is deemed to be a violation of this
section. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)