They might be able to evict the owner...maybe. I don’t see how they get out of paying them out for the fair market value of the unit.
This is exactly why you examine the incorporating documents of the co-op and what exactly your rights and obligations are.
I wouldn’t go anywhere near that sort of place. My former townhouse HOA was bad enough, can’t imagine an apartment co-op.
cook fish stew like blue fish every night while i smoke. or smoke the blue fish.