§ 26-3703 Acknowledgment of receipt of materials.
AC § 26-3703
a. Within 15 days after receiving an application from a purchaser or a purchaser’s agent, a cooperative corporation shall provide to such purchaser or purchaser’s agent, via email and registered mail, a written acknowledgement of materials received. The requirements of this section shall apply to a purchaser’s initial submission and any subsequent submission. b. A written acknowledgment provided pursuant to subdivision a of this section shall clearly state: 1. Whether the cooperative corporation considers the application to be complete; 2. If the application is not considered complete, each item required to make such application complete along with a citation to the application for each such items; and 3. If applicable, any additional materials requested for clarification or completion of previously submitted materials. c. If a cooperative corporation fails to provide written acknowledgment of an application received pursuant to subdivision a of this section, such application shall be considered complete as of the date such acknowledgment was due. d. If the cooperative corporation has adopted a summer recess notice, the time by which to meet any requirement of this section shall be tolled during the summer recess period. (L.L. 2026/058, 1/29/2026, eff. 7/28/2026)
