Cal. Codes » Civil Code / DIVISION 4. GENERAL PROVISIONS / PART 5.3. Commercial and Industrial Common Interest Developments / CHAPTER 1. General Provisions / ARTICLE 2. Definitions
California Codes

Cal. Civil Code § 6566 (2026)

Definitions — General Provisions

✓ current as of May 2026
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“Stock cooperative” means a development in which a corporation is formed or availed of, primarily for the purpose of holding title to, either in fee simple or for a term of years, improved real property, and all or substantially all of the shareholders of the corporation receive a right of exclusive occupancy in a portion of the real property, title to which is held by the corporation. The owners’ interest in the corporation, whether evidenced by a share of stock, a certificate of membership, or otherwise, shall be deemed to be an interest in a common interest development and a real estate development for purposes of subdivision (f) of Section 25100 of the Corporations Code.

Notes of Decisions
Cited in 1 case, 2017–2017 · leading case: First Cmty. Bank v. Maureen Gaughan, 853 F.3d 508 (9th Cir. 2017).
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First Cmty. Bank v. Maureen Gaughan, 853 F.3d 508 (9th Cir. 2017). “Cal. Civ. Code § 6566 . “[T]he correlative interest in the stock cooperative corporation” is also treated as an interest in real property.”
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