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Category: Law & Legislation

Law & Legislation
Attention Board Members: Case Law Update

A common phrase heard in many board rooms is that the board is protected under the law by the “business judgment rule.”  This legal doctrine provides a judicial deference to a board’s decision if that decision is made in good faith and with…

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Law & Legislation
NYC's Going Electric

New York Governor Kathy Hochul’s Labor Day signing of four pieces of new legislation protecting and supporting workers gave those laws a lot of visibility. (Readers of CooperatorNews can find a summary of one of those four pieces of leg…

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Law & Legislation
New Rules for Westchester Co-ops

Westchester County lawmakers recently passed additional rules for its Co-op Disclosure Law, which itself dates back to 2018. The law originally gave co-op corporations and their representatives 60 days to determine whether a purchase applic…

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