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Our board president just sent me an email stating my shares and propietary lease are canceled. He also states he is going to sell my shares at auction without my participation.
How many ways is this wrong?
CARE TO TELL US WHAT YOU DID WRONG THAT PROMPTED THIS ACTION BY THE BOARD?
There is a LEGAL process to do this. Unfortunately, you do not disclose much to provide a comment.
Finally, unless the pres. is the co-op attorney, he/she has no business to annouce the cancellation of the pl and stock.
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what does your proprietary lease say ?
are you in arrears , and to who.
it sounds like a serous matter.
i would think he has a pretty good reason or is incredibly stupid.
if you don't pay you maint , they can auction, I believe.
i would not consider an email a proper notification, in fact i think an email like that just would go in the spam folder.
read your bylaws and proprietary lease.
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