Publish Date: July 24, 2009
Q: Do the shareholders in a New York City co-op have the right to obtain the tabulated results of a board of director’s election, rather than simply the names of the shareholders that won? If you are a shareholder who is running for the board, are you entitled to know how many votes (shares) you received? Are you entitled to know how many votes (shares) your opponents’ received?
A: “It can be very difficult for a shareholder who is not a board member to gain access to cooperative election materials such as proxies and ballots,” says Stephen M. Lasser, an attorney shareholder in the Manhattan office of the law firm Stark & Stark. Download PDF
