68 Pennsylvania Consolidated Statutes Chapter 44 - Protection Of Cooperative Interest Purchasers

• Chapter Notes
• Section 4401 - Applicability; Waiver
  (a) General rule.--This chapter applies to all cooperative interests subject to this subpart, except as provided in subsection (b) and section 4414 (relating to...
• Section 4402 - Public Offering Statement; Requirements
  (a) General rule.--Except as provided in subsection (b), a declarant, prior to the offering of any cooperative interest to the public, shall prepare a...
• Section 4403 - Public Offering Statement; General Provisions
  (a) General rule.--Except as provided in subsection (b), a public offering statement must contain or fully and accurately disclose: (1) The name and principal...
• Section 4404 - Public Offering Statement; Cooperatives Subject To Development Rights
  If the declaration provides that a cooperative is subject to any development rights, the public offering statement must disclose, in addition to the information...
• Section 4405 - Public Offering Statement; Time Shares
  If the declaration provides that ownership of cooperative interests or occupancy of any units is or may be in time shares, the public offering...
• Section 4406 - Public Offering Statement; Cooperatives Containing Conversion Buildings
  (a) General rule.--The public offering statement of a cooperative containing any conversion building must contain, in addition to the information required by section 4403...
• Section 4407 - Public Offering Statement; Cooperative Securities
  If a cooperative interest is registered with the Securities and Exchange Commission of the United States at the time an offer of such cooperative...
• Section 4408 - Purchaser's Right To Cancel
  (a) Delivery of public offering statement.--In cases where delivery of the public offering statement is required under section 4402(c) (relating to public offering statement;...
• Section 4409 - Resales Of Cooperative Interests
  (a) Information supplied by proprietary lessee.--Except in the case of a sale where delivery of a public offering statement is required or unless the...
• Section 4410 - Escrow Of Deposits
  Any deposit, which shall not include any installment payment under an installment sales contract, made in connection with the purchase or reservation of a...
• Section 4411 - Release Of Liens
  (a) Sale of cooperative interest.--In the case of a sale of a cooperative interest where delivery of a public offering statement is required pursuant...
• Section 4412 - Cooperatives Containing Conversion Buildings
  (a) Notice of conversion.--The declarant of every cooperative containing one or more conversion buildings shall give each of the residential tenants and subtenants, if...
• Section 4413 - Express Warranties Of Quality
  (a) General rule.--Express warranties made by any seller to a purchaser of a cooperative interest, if made or incorporated by reference in the public...
• Section 4414 - Implied Warranty Against Structural Defects
  (a) Definition.--As used in this section, "structural defects" means those defects in components constituting any unit or common element which reduce the stability or...
• Section 4415 - Effect Of Violations On Rights Of Action
  If a declarant or any other person subject to this subpart fails to comply with any provision of this subpart or any provision of...
• Section 4416 - Labeling Of Promotional Material
  No promotional material may be displayed or delivered to prospective purchasers which describes or portrays improvements that are not in existence unless the description...
• Section 4417 - Declarant's Obligation To Complete And Restore
  (a) Completion.--The declarant shall complete all improvements depicted on any site plan or other graphic representation included in the public offering statement or in...
• Section 4418 - Substantial Completion Of Unit
  (a) General rule.--In the case of a sale of a cooperative interest where delivery of a public offering statement is required, a contract of...

Last modified: October 8, 2016