Property Ownership
In Hawaii, which type of ownership in a cooperative housing project involves shares of stock rather than a deed?
AA. Condominium ownership
BB. Cooperative (co-op) ownership where residents hold shares entitling them to occupy a specific unit✓ Correct
CC. Leasehold ownership
DD. Tenancy in common
Explanation
In a cooperative, residents own shares of the corporation that owns the building, and their shares entitle them to a proprietary lease for their specific unit, rather than owning real property directly.
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