New York HOA & Condo Board Governance Rules

For condominiums, RPL § 339-v requires the bylaws to provide for "the nomination and election of a board of managers," their powers, methods of calling unit-owner meetings, and quorum — meetings may be held in person or "by means of electronic communication." For non-condo HOAs under the Not-For-Profit Corporation Law, N-PCL § 603 requires a meeting "held annually for the election of directors"; § 608 sets a majority-of-votes quorum. N-PCL § 621 gives any member of record for at least six months, on five days' written demand, the right to examine the minutes and membership list, and adds that HOA members "shall also be entitled to review … invoices, ledgers, bank accounts, reconciliations, contracts, and any documents related to the expenditure of homeowners association dues."

No specific statutory penalty. Owners enforce governance, meeting, and records rights through the courts — N-PCL § 621 lets a member apply to the Supreme Court to compel inspection if the board refuses; board conduct is reviewed under the Levandusky business-judgment rule.