just heard that one of the board members told a shareholder that unsold shares are not counted when prospective buyers and possible mortgage banks aretold the owner occupancy ration, they tell the new buyers 90%, banks90% and i have been here since conversion in 1983 , it has never been 90% owner occupied.
i remember seeing the question in the New York Times co-op Q &d A concerning what is owner occupied. The lawyer @NYT stated if the owner lives there it is owner occupied,simple as that.