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Arrears and Voting RightsMar 28, 2008


Thanks for your response. SH in arrears has already received a letter from the Managing Agent and phone calls from Board Pres. and MA again, and still has not sent in any money. Is it time to engage counsel?

Regarding voting rights, I recall a story in NYTimes where it is possible to write into the Prop lease the requirements for being a Board member and being current on maintenance was a one of them.

In a book called "The Co-Op Bible (Shapiro, p.176) she recommemds buildings set Board members' qualification standards that are then written into the by-laws. Being "paid up" and having no violations" are suggestions she makes--it is protected by Corporation Law. Elseware in the book, she refers to revoking voting rights to SH in arrears is legal.

Anyone else?
BN

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