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How Long those a sponsor has to liqidate his share in a co-op. Plus sponsor has a mortage on the poroverty he states that his retirement money.
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You will need to contact a lawyer for a solid answer however I have heard that 5 years is the limit for the sponsor to turn over to shareholders control of the board.
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Board Talk members who registered prior to March 9th, 2016 will need to reset their password.