Q. For the past three years, my co-op has not obtained a quorum at the annual meeting. In 2020, during the pandemic, the board decided to go virtual by using Zoom. However, at each annual meeting, the co-op did not reach a quorum, and as …
Q. I’m a shareholder in a co-op for 30 years. There is never a quorum at our annual meeting, so no voting for board members takes place. Is there a mechanism to request the removal of a board member who is ineffective, rude, disrespectful…
Q. At our building, there has been no quorum at our annual meetings for the last two years. The voting was done and the ballots were counted by an outside company, but the results have not been posted. We requested the outcome but have be…
Q. I am a shareholder and current member of the board of directors running for reelection. At the elections, we did not have a quorum, and the other members decided to keep the elections open for a month. So the ballots were given to mana…
Q. Can an election for the purpose of electing board members be held if there is not a quorum? —Need a Primer on Election Procedures A. “In order to conduct any business at a shareholder’s meeting, there must be a quorum,” says attorn…
Q. At a regular monthly meeting of a seven-member HOA board where four members present constitute a quorum, can one of the absent members give her proxy to one of the four attending members to vote on specific issues on the board’s agenda…
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…
Q I am the owner of an apartment in a co-op where I own about 9% of the outstanding shares. We are in the process of selling our apartment and were told that there would be about a 1% flip tax payable to the co-op after the sale. This fli…
The candidates. The issues. The campaigns. Excitement and suspense are built into just about every election, including those of co-op and condo board members. In fact, those elections can stir even more emotion given the impact they may ha…
What happens when there is no quorum at a shareholders meeting and therefore there is no election for new board members? The same board has remained in my co-op for many, many years without a chance for us to vote them out. Isn't there a la…