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Has any Mitchell Lama Coop or Development experienced that Board Election Proxies signatures were not compared to those shareholder's of record even when the BY-laws specifically reads to do so?
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visit habitat uHabitat U: learn about how to manage a building, and what you should know as a co-op or condo board member.
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learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
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Does your coop building president ask board members to sign fiduciary agreement which is written by property management? The agreement basically requests board members to abide by president's decision/majority votes. For example like below:
"I understand only the managing agent, the president, or someone appointed by the president has the power to conduct day to day business of the corporation".
When building president or majority board members pass a wrong decision, what shall a board member with disagreement do?
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