Category: Q&A

Q. If a shareholder's only way of learning what a board is working on is through email communication, do they have a legal right to access board members’ emails, including personal or business accounts that may be used, and are these righ…

Q. I live in a 192 unit co-op in Brooklyn where the sponsor still owns about 20 units. The sponsor does not come to the annual meetings, but sends in proxies. The current board president, who was also on the ballot, uses the sponsor’s sha…

Q. How much influence does a co-op board have over which tenants a holder of unsold shares (HUS) can rent their units to? Can a board enact a bylaw requiring board review and approval of tenants, or set specific financial requirements the…

Q. I live in a small building/HOA, and our same board has been in place for over a decade. We hold annual elections as per our governing documents, but we can’t get anyone else in the building/association to serve, and none of us can step…

Q. I am a former board member who held the office of secretary. I have a question pertaining to a stock certificate. I signed a stock certificate regarding a shareholder (who died in 2018) that was approved by the previous board and issue…

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 going overseas for a few months for work, and would like to rent out my condo while I'm away. One of our board members told me I have to submit an information packet to the board, including the names, yearly incomes, and a bunch …

Q. I live in a co-op, and want to move my aging mother into my guest room. Our building doesn't allow subletting, and the board has sometimes caused headaches for shareholders who have brought in roommates over the years. I feel like this…

Q. I live in a Housing Development Fund Corporation (HDFC) building in the Bronx. My building has no meetings or elections, and shareholders are not informed of our financial status at all. The treasurer’s son has taken complete control a…

Q. Is it illegal for a cooperative board to decide not to hold an annual shareholder meeting? If a co-op board does not meet, what rights is a shareholder entitled to?                                         — Waiting to Meet  A. Marg…