New York's Cooperative and Condominium Community
I have a situation where the President who self managed the building without any other officer in other words there was no other member on the board but herself, There is only 5 shareholders , She self managed the bldg for 4 years straight with no minutes in this 4 years but my main concern for writing is because we viewed the bank statements and she has withdrawn over 25k via atm machine and she was still voted in as a Treasurer and with UHAB urban housing assistance borough help,2 of the shareholders including myself demand that she step down and inform of us of where the funds of our building went, She never responded and continues to collect rent and have authority of our bank account once again what can we do its only 2 of us that care the other 2 no disrespect but is not that educated and really does not care these elderly ladies are all friends and have no concept of what an hdfc coop is , Please help us 2 that do care what can we do to remove her? To have her explain these withdrawals ?
Join the Conversation Comments (0)Introduce yourself to other members of Board Talk! Log in below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
Habitat U: learn about how to manage a building, and what you should know as a co-op or condo board member.
Search, by word or phrase, all magazine articles from January 2002 to present. You may print or email your results. Print subscribers receive free access to the Habitat Article Archive.
Learn 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
Got elected? Are you on your co-op/condo board?
Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!