Category: Coop Boards

BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Conducting virtual (online) annual meetings for New York City (NYC) cooperative buildings (co-ops) can offer a convenient and efficient way to engage shareholders while considering legal requirements and logistical considerations. Here are important points to consider when planning virtual annual meetings for NYC co-ops:   Legal […]

BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Insurance coverage for NYC co-op stockholder owners typically involves a combination of individual insurance policies and coverage provided by the co-op association. Here’s an overview of the types of insurance that co-op stockholder owners should consider:   Co-op Association’s Master Policy: The co-op association typically carries […]

BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M Cooperative (co-op) board members in New York City (NYC) have important responsibilities and duties, but along with those responsibilities come potential liability exposures. It’s crucial for co-op board members to be aware of these exposures and take steps to minimize them. Here are some key areas […]

BY JOHN KIRITSIS, ESQ., CPA, MBA, MS, JD, LL.M The Board of Managers of a cooperative (co-op) in New York City (NYC) plays a crucial role in managing the operations, finances, and governance of the co-op. This legal guide provides an overview of the responsibilities, powers, and legal considerations that pertain to NYC co-op Boards […]