When electing board members to serve on behalf of your condo or co-op community, you expect them to act as crusaders for prosperity, considering the needs of the building and the people who live there to be paramount when making their deci…
Tag: Common law
Q I am a board member and shareholder in a Westchester County cooperative where there has recently been a lot of conflicts among board members. There is a board member who owns her own realty company and is now privy to all confidentia…
Q Is it possible to obtain a co-op charge card for our super to use so he can purchase need materials and equipment without having to go through long procedures with the managing agent? If possible, is it advisable? —Taking Cred…
Individual cooperative board members scored a major victory recently in the case of Weinreb v. 37 Apartments Corp., et al, an appellate court decision that relieved them of certain responsibilities when it comes to shareholders' propos…
Planning for what happens to your estate upon your death is never a pleasant chore, but if you own property of any kind, that planning is an vital responsibility. While there are many aspects and legal mechanisms that can be considered…
Q My parents are both in their seventies and have begun setting their financial affairs in order. They have put whatever assets they own, such as cars, stocks and bonds, into their family trust in order to simplify their estate and avoi…