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Board Members Shielded by Business Judgment Rule in Co-Op and Condo Legal Disputes (NY)

/ Owner - May 15, 2024

Legal challenges are an unfortunate reality for some co-op and condo board members, whether it’s a disgruntled purchaser, contractor or some other party. At the core of protections for board members is the business judgment rule, born out of the Levandusky case in 1990. This rule serves as a protective umbrella for board members, provided they act in good faith and exercise reasonable judgment in fulfilling their duties.   Read the article…………………………….

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