I would think that is a permitted use, since the board and management company use it for their purpose. They will put up a slate and send it to the shareholders and recommend they vote for THEIR slate, with your shareholder money for postage no less. I think that should be tested in court, the board using coop monies to promote themselves in an election.
We need a list of shareholder lawyers, not these double agents that we have now.
Once shareholders knew what the laws really are, and saw that they were a victim of misdeeds that had ended in substantial settlements for the shareholder, the lawyers would live on that, as there are plenty of those cases out there, the shareholders do not know that the actions of the board was illegal, especially in a coop like mine which is a low cost, working people building