Non-Disclosure Agreements Open to Legal Challenge (NY)

Despite the recent rulings, there are still restrictions on the viewing of documents by shareholders and unit-owners. In addition to what’s already in the law, such as the co-ops’ five-day written notice requirement, the most notable changes come down to two things: document scope, and a non-disclosure agreement.   The first is straightforward. “Some documents are outside the scope of what the law requires,” says attorney Jesse Schwartz of Kagan Lubic Lepper Finkelstein & Gold. “One thing boards can do is make sure any inspections are consistent with just the documents listed in the bylaws, the Condominium Act, and case law.”     Read the article…………………

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