The Perks – and Perils – of Virtual Board Meetings (NY)

“Life moves a lot faster than it used to,” notes attorney Stuart Saft, a partner in the firm Holland & Knight, and it’s only natural for boards to look to technology to save them time – and aggravation – when conducting corporation business, especially when board members are on vacation or there’s an emergency requiring immediate board action. Saft says that New York state law governing co-ops allows for virtual board meetings via a conference telephone call – as long as all participants can hear the proceedings.    Read the article………….


Related Articles

Handling Touchy Complaints in Co-Ops and Condos: It’s About Sense and Sensitivity

Conflict comes hand-in-hand with living in close quarters. Such is the nature of condominium and cooperative living. Some dust-ups between

When Dealing With Illegal Pets, Time Matters

Co-op and condo boards need to move swiftly – and cautiously – when enforcing pet bans.  When dealing with illegal

Borrower’s Burden: Can a Co-op/Condo Get a Loan with No Prepayment Penalty?

With very rare exception, all underlying mortgages have prepayment penalties. Many people think that this is unfair and that every