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If the BY-LAWS are silent—no mention—regarding Zoom or online meetings, Can the Board only implement Zoom-online meetings with Shareholders until they decide to change them?
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Per a follow-up email from HPD today, in-person meetings are not required. Conversely, online platforms such as Zoom will suffice in agency requirements.
Your Thoughts Please .....
Not sure what else can be added to this conversation. If the HPD said in-person meetings are not required, the board has carte blanche to conduct meetings in a venue of their choosing, be it in person or virtual online.
Am I missing something in your question?
Perhaps BCL "Business Corporation Law " has something? The majority of shareholders are not board with online only, and many are not tech-savvy. Thank you.
I think it’s good to ask shareholders from time to time what they’d like. In 2024 boards need to be more open minded and not everything is about looking at old documents from 30-40 years ago. How about a compromise and one year virtual and the next year in person so both sides are happy?
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IIRC the NYC Counsel or the NYC legislature enacted a special exemption permitting board meetings to be held via Zoom or any other video conferencing service. This was done during the height of Covid and was intended to facilitate the board being able to conduct business every month despite any provisions in the By-laws. Check with your co-op's attorney for a definitive answer.
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