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The residents are shareholders in a corporation that owns the building, and shareholders are given exclusive use of residences or units.

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Mikel Gaylord

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3y ago

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Related Questions

Member owned business?

A cooperative


What term does cooperative refer to?

A farm owned and operated by a group of peasant workers is referred to as a cooperative.


What is a distinguishing feature of a cooperative is that it?

is owned and operated by the people who use it.


What is a business owned by its members that is managed in the interest of the owners?

a cooperative


What do you call a group of individually owned business that work together?

A cooperative


A retail outlet owned and operated by consumers is called a?

consumer cooperative


Which term is used to describe a business that is owned and democratically operated by its members?

cooperative


What is a Business organization owned and operated by a group of individuals for their mutual benefit?

cooperative.


Is Barcelona football club part of a cooperative?

It is owned by members who pay money.


Are non-profit cooperative institutions that are owned by their members?

yes retail banks


Is Cooperative bank nationalized or not?

Cooperative banks in India are not nationalized; they are typically owned and operated by their members. While they are regulated by the Reserve Bank of India (RBI) and the respective state governments, they maintain a cooperative structure that differentiates them from nationalized banks, which are government-owned. Each cooperative bank operates independently, serving local communities and members rather than being part of a nationalized system.


What were cooperatives?

A cooperative is a business organization owned and operated by a group of individuals for their mutual benefit.