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i know this is against the nys business law.
wondering how many other co-ops have a board that reuses to give their contact info.
Finding out that one board member has never lived in the building, yet always post his address as the co-ops. The board president ,no longer lives in the building, for at least 7 years, yet post his address in the elections as the co-ops.
the shareholder list even shows his address as outside the county.
turns out that one board member never has lived in the building, even though he has posted his address as the buildings for the last 10 years, his adult children moved into the two apartments he bought. i am sure he never paid the sub-leasing charges.
Now he moved the ownership to the apartments into the children name, so they are the shareholders, however he is still o the board and was reelected, since no one knows what is going on.
the president of the co-op no longer lives here, his adult sons do. which is against the proprietary lease, but not according to the bod and managing agent.
i think about 50% of the building is now non owner occupied, adult children were the first and only people that moved in. Parents buying as an investment, moving their children in, all against par 14 of the proprietary lease.
we have sublet rules, but the managing agent abd board president state that it s ok for the children of the shareholder to live in the apartment without the shareholder.
this is not true, not with out prop lease.
many of the apartments have only been occupied by the children, the shareowner never lived in the apartment, they are really sub-letters that do not pay sublet fees
The bylaws should stipulate the qualifications for an individual to be a board member. Some bylaws explicitly aver that one must be a shareholder in good standing. Yes broad definition, but there is much case law surrounding the stipulation.
Further, one's co-op attorney should be able to explain the bylaws attendant to one's qualifications to be a Board member.
So I am hard pressed to understand the predicament.
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Who lives in his apartment? In our building we are getting rid of the long-term subletters. If he is subletting, in our building, he is no longe a member of the Coop, but the owner of a rental property... Dont you have sublet rules. Check your bylaws,,, prop lease,,, and most important, start and S/H email list, and expose him..
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