Court Clarifies Condo Owners’ Right to Inspect (NY)
In its 2013 decision in Pomerance v. McGrath (Pomerance I),1 as noted by one of the authors in a prior article on the subject,2 the Appellate Division, the First Department handed down the first appellate decision delineating the rights of condominium unit owners to inspect the books and records of condominium management. Although the courts had long held that shareholders of cooperative corporations had the right, under Business Corporation Law (BCL) 624(b), to obtain the names and addresses of other shareholder-tenants in connection with an election, no such statutory right was provided to condominium owners under the Condominium Act. Read the article………….
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