The past 12 months has been the year unit owners and shareholders have found cooperative and condominium board of director’s kryptonite at the appellate courts. For years, the courts of New York have been rubber stamping board decisions under the shield of the business judgment rule. Whether it be the persuasive facts in this year’s crop of cooperative and condominium cases or a change in policy, the appellate courts have been enforcing the corporate documents and determining whether boards have been acting in good faith and with the proper authority and piercing the shield of the business judgment rule. Read the article……….
To rent, or not to rent, that is the question and with the strata of…
Dear Tony: How do the new changes to depreciation reports apply to smaller strata corporations…
The Perry Township Fire Department says firefighters arrived and found flames showing from the multi-family…
The state Board of Land and Natural Resources on Friday was poised to make a…
People fed up with a growing sinkhole at the Parkside Condominiums on Bell and Cave…
Enacted in 2023, HB 837 substantially modified Florida’s bad faith laws and the state’s comparative…