31 views 37 sec 0 Comment

Condo Boards Likely Safe From Corporate Transparency Law (MA)

/ Owner - November 30, 2024

New corporate reporting requirements under an anti-money laundering law likely do not apply to condominium associations, a Massachusetts federal judge ruled.  In a written decision Friday, U.S. District Judge Leo T. Sorokin dismissed a June complaint by the Trustees of the Lewis Wharf Condominium Trust seeking to block enforcement of the Corporate Transparency Act, noting that both the condo association and the federal government agree that such groups are not covered.   Read the article…………………………….

Comments are closed.