Menu
Apr 28, 2006

Board Elections and Shareholder Status

NYC Conference Room with a View

As we enter the season when many cooperatives and condominiums hold their annual meetings, it is important to make certain that the election of board members is conducted properly.   Sometimes this can be difficult, especially in buildings that have contradictory or ambiguous by-law provisions.  These uncertainties lead to acrimony and, occasionally, to litigation. As an example of ambiguity, one provision may simply require that to become a board member the candidate must be a resident of the building (or sometimes just a resident of the state) and over 18 years of age, but not require that the candidate be a… Read more