A1724 (2023-24 session)
NY State bill
Requires that the board of directors or board of managers of a converted cooperative or condominium, as the case may be, must be comprised of a majority of members elected by shareholders or owners in occupancy so that control of the converted cooperative or condominium is turned over to the unit owners as soon as possible; applies only to plans of 20 or more units.
- Title
- Governs election of board by residents of cooperatives and condominiums
- Type
- New York State Assembly bill
- Session
- 2023-24 session
- Status
- In Assembly Committee
- Latest action date
- 2024-01-03
- In committee
- Housing
- Introduced
- 2023-01-20
- Law section
- General Business Law
Sponsors
- Jeffrey Dinowitz Assembly Member, District 81
Co-sponsors
- William Colton Assembly Member, District 47
Heard in committee
- Housing NY State Assembly committee