Also it is called due diligance of the board members and fidicuary responsibilty to the co-op. Items Board members are accountable for, sometime with zero o and B ins coverge.
Plus if a shareholder wrote a letter stating the situation and worried about the possible problems.
Then there is an injury, the shareholder provides the insurance company with the letter, the board may be on theor own dime,and cant , or should try and get compensated bt the co-op. It is the shareholders right to look out for his money, especially when the board members refuse to. If it is tour moay do what you want, mess with my money, i will use tactics to protect myself. I tried to explain this to some board members and they didnt hve the spins to do it and it looks like it will be costly to them.