“Stock cooperative” means a corporation which is formed primarily for the purpose of holding title to an estate in real property consisting of an undivided interest in common in a parcel of real property, together with the right of all the shareholders of such corporation of exclusive occupancy of a portion of a building located thereon. A stock cooperative shall be subject to the same restrictions, conditions and requirements as for condominium projects.
(Ord. 537 § 2 (part), 1985)