568 CHAPTER Twenty-Seven

568 CHAPTER Twenty-Seven

COMMON INTEREST SUBDIVISION — Subdivided lands which include a separate interest in real property combined with an interest in common with other owners. The interest in common may be through membership in an association. Examples are condominiums and stock cooperatives. COMMON LAW — The body of law that grew from customs and practices developed and used in England “since the memory of man runneth not to the contrary.” COMMON STOCK — That class of corporate stock to which there is ordinarily attached no preference with respect to the receipt of dividends or the distribution of assets on corporate dissolution.