Most shareholders would agree that attending their annual meeting is an activity low on their priority list, right after flossing their teeth and organizing their sock drawers. Some feel the meetings are boring, while others feel they do…
Q I live in a condominium and we just had our annual election. Each year, new people run for the board, but the existing board members solicit proxies in order to remain on the board. As a result, five “old-timers” seem to make all the …
Living in a co-op or condo might not seem like an exercise in democracy, but when election time rolls around for your building's board, being a shareholder/owner means being a voter as well. One person's vote might very well mean t…
The Business Corporation Law, or BCL, is one of the primary statutes regulating operation of cooperative housing corporations. The BCL was implemented over a century ago, and remained more or less unchanged until it was overhauled in 19…
When it comes to decision-making in your building, attending meetings in person is always best. But should the need arise, shareholders and unit owners are permitted to vote in board elections and other matters of corporate governance by pr…