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The Limits of Board Powers: What You Can – and Can’t – Do (NY)

/ Owner - January 1, 2018

It is not easy being a board member. There are meetings to attend, documents to review, decisions to make, and neighbors to mollify. There are also a number of rules and regulations that must be followed in order to ensure that the individual and collective actions of a board meet all legal and ethical requirements.  Fortunately, the governing documents that establish co-op and condo communities provide a fairly clear framework describing most of the duties and expectations assigned to board members. “In both co-ops and condos, [those powers are detailed in] the bylaws and the Business Corporation Law (BCL),” says Steve Troup, a partner at law firm Tarter Krinsky & Drogin, which has offices in New York and New Jersey. “In addition, it’s possible that a condo’s declaration of condominium may prescribe certain actions, but typically the declaration defers to the bylaws.”    Read the article………………

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