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Limits On Voting

BCL SEC. 613

The certificate of incorporation may provide that the holders of any designated class or series of shares shall not be entitled to vote.

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"There is nothing more disruptive and controversial in a co-op or condo than the voting process that occurs annually. There is tremendous room for impropriety, and there are often cases of wrong decisions being made that prejudice the rights of candidates or shareholders. And, often, they simply don’t know what those rights are. Knowing your rights is the best way to make sure that the election is fair and that candidates win or lose on the merits."

To read the full lecture, visit: http://bit.ly/agoldstein

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