Do co-op shareholders have a right to know who sits on the board of directors? Pursuant to the New York Business Corporation Law (BCL) § 624 and New York common law, the answer is yes. Shareholders have a right to the books and records of the corporation, which will...
Congress passed the Americans with Disabilities Act (ADA) in 1990 to prohibit discrimination against people with disabilities in multiple areas such as public accommodations, employment, transportation, and state and local government. Title III regulates businesses...
Co-ops and condos are directed by their governing documents: the by-laws, house rules, and for co-ops the proprietary lease. The by-laws and house rules are created by the corporation that shareholders, unit owners and residences are bound to, and essentially...
2018 has been the year of the viral movement to bring sexual harassment claims to light. Businesses across the globe have reviewed their employment policies to ensure staff are protected. But what about co-op and condos? “Horseplay among staff members can easily...
What steps should shareholders and owners take when members of their co-op or condo board are mismanaging the property? Purchasing an apartment is an investment and board members need to ensure they uphold their fiduciary duties and protect the interests of the...
April 20, 2018 will be the start of a new four year contract between Realty Advisory Board (RAB) and building service workers, which will impact 31,000 workers and 3,500 buildings in New York. On March 1, 2018, negotiations began between the RAB and building service...