NYC condominiums are governed by Real Property Law Article 9-B (the Condominium Act) and their bylaws. Co-ops follow the Business Corporation Law and their proprietary lease. Boards must hold annual meetings, maintain minutes, and act in fiduciary capacity to owners/shareholders.
In NYC, condominium associations are governed by Article 9-B of the Real Property Law (the Condominium Act, RPL Β§339-d et seq.), which provides the framework for organization, governance, and maintenance obligations. Co-operative corporations operate under the Business Corporation Law (BCL) and their proprietary lease and house rules. Condo boards must hold annual unit-owner meetings, maintain minutes of all board meetings, provide financial statements to unit owners, and act in a fiduciary capacity. Board members are elected by unit owners at the annual meeting. The business judgment rule protects board decisions made in good faith and within the scope of authority. Under NYC General Obligations Law Β§5-702 and Real Property Law Β§235-e, owners/shareholders have the right to review corporate records and financial statements. Board meetings must follow the procedures outlined in the bylaws; Robert's Rules of Order is commonly adopted. Quorum requirements are typically defined in the bylaws (often 20-25% of owners). NYC does not have a single comprehensive HOA Act like some states β governance comes from a combination of the Condominium Act, BCL, the offering plan (Martin Act), and common law.
Board members who breach fiduciary duty face personal liability. Failure to hold annual meetings or provide financial statements may result in court-ordered compliance via Article 78 proceeding. Attorney General can investigate offering plan violations.
New York, NY
New York City enforces strict noise rules under Administrative Code Title 24, Chapter 2 (the NYC Noise Code, rewritten by Local Law 113 of 2005). Sound excee...
New York, NY
NYC bans commercial vehicles on residential streets 9 PM-5 AM and caps any commercial-vehicle parking at 3 hours per block (NYC Admin Code Β§19-170). 'Commerc...
New York, NY
In NYC residence districts, Zoning Resolution Β§23-44 limits fences in front yards to 4 feet above adjoining grade and permits walls up to 8 feet (not roofed ...
New York, NY
Section 161.05 of the New York City Health Code requires every dog in any public place, or in any open or unfenced area abutting a public place, to be effect...
New York, NY
All consumer fireworks are illegal in New York City, including sparkling devices that are legal in much of New York State. NYC Fire Code Section FC 5601.3.2 ...
New York, NY
New York City has no ordinance specific to residential lawn ornaments, statuary, or year-round decorations on private property. Landmark Preservation Commiss...
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