Q. We are a cooperative that falls under the purview of the New York State Business Corporation Law. Is there a law in there allowing us to conduct a meeting without a quorum having been reached? We need more than 50% of the vote and cert…
Our board of directors has not made a decision regarding a request for accommodation from a disabled senior shareholder. How can the rest of the shareholders separate ourselves should the board or the cooperative ever be sued or fined over …
In any co-op or condo association, as with any decision-making body, meetings are essential for influencers to gather and make choices that best represent the interests of their communities. However, these meetings do not—and cannot—…
Valuable paintings will be hung in our newly renovated lobby which is a common area of our co-op building. What if they are stolen or damaged? The owner who has loaned them has personal insurance but since the paintings are in our common ar…
“If I want to buy a co-op do I have a right to see the board meeting minutes so that I might see if any major repairs have been recently completed on the building or are scheduled to begin.” —Buyer Beware “The simple answer is NO!”…
There’s nothing worse than being a unit owner in a building and seeing someone on your board breaking a rule and seemingly getting away with it. Some board members believe that they are “above the law” so to speak, and seem to be ope…
As a construction attorney I can say that it is rare that a change is made in the law which revolutionizes the design industry. Up until now, the laws in the State of New York only allowed architectural and engineering firms to be owned…
Q I just found out that a member of my co-op board has been issued a check for a very large amount from our operating account. There has been no explanation or discussion about this, and now nearly six figures worth of our community …
Your roof terrace leaked and the neighbor below you sued for damages. The heating system in your apartment failed to work and the managing agent sent you the bill for its repair. You bought a dog for your child, and six months later th…
Q Our co-op has a prospective purchaser who refuses to buy the shares in his own name. He wants the shares to be purchased by a holding company or limited liability corporation (LLC) that was created specifically for that purpose. Ho…