As set forth in the text, describe a cooperative including typical rules of governance and the penalty if a member violates the rules.

With a cooperative, the investor resident is a shareholder in the corporation owning (usually) an apartment building and receives a permanent lease on one unit of the facility upon acquiring stock. All the unit owners are governed by a board of directors, usually elected from among the unit owners to manage the property and establish rules for the owners. If a member violates these rules, the cooperative may evict the member and repurchase the evicted member's unit.