New York's Cooperative and Condominium Community
A shareholder cannot have his right to vote removed under any circumstances.
Your bylaws should have some sort of general guidelines on who is eligible to run for election.
In Good Standing would mean that the shareholder does not owe the corporation any money. ( that's zero $0)
If you feel that your bylaws have too many loopholes, you can amend them with a majority vote.
For example, a clause requiring a shareholder to reside in the building to be eligible.
You are correct.
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In no way challenging right to vote, but rather asking about good standing and running for office if in arears, if lawsuit outstanding, etc.
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So challenging voting rights are off the table...
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But, can ya review and perhaps embellish your response....thanks?
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