Q & A: Rules for Replacing Co-op Board Members

By Jay Romano Q: Can a co-op board remove a member without shareholder approval? If so, how is a replacement chosen? A: Leonard H. Ritz, a Manhattan co-op and condominium lawyer, says it is necessary to review the building’s governing documents to determine the board’s powers. The bylaws typically specify the rules relating to whether … Continue reading Q & A: Rules for Replacing Co-op Board Members