Stony Point, NY HOA Rules: Board Procedures (2026)

Rockland HOAs and condos follow NY Not-for-Profit Corporation Law (NFPCL) Article 6 (Members) and Article 7 (Directors and Officers), or Business Corporation Law for cooperatives. Condominium associations also follow NY Real Property Law Article 9-B (Condominium Act). Annual meetings with written notice 10-50 days in advance are required under NFPCL §605. Quorum is generally one-third of members unless bylaws say otherwise (§608). Special meetings can be called per bylaws or on petition of 10% of members (§606). Directors are elected by members (§703) with terms and classes per bylaws. Boards must keep records of actions, minutes, and financials; members have inspection rights under NFPCL §621. NY Law effective in 2016 requires HOA resale certificates for condos within 10 business days. Recent NY legislation (2023 'Condominium Fair Sale Act') improves disclosure. Boards owe fiduciary duty under Business Judgment Rule (Levandusky v. One Fifth Avenue, 75 NY2d 530). Fines, assessments, and rule enforcement must follow due process in the declaration — notice, opportunity to be heard, and written decision.