What assumptions do co-op and condo owners make about who can serve on the board of their corporation or association? A typical assumption might be that any owner of shares in a co-op or unit owner in a condominium would be eligible. But that’s not necessarily correct. As in most instances, the ultimate authority rests with the governing documents of the individual corporation or association. With that said, potential board members may include owners, sponsors, investors, and at times others.    Read the article…………..