New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide



Vote of Shareholders

BCL SEC. 614

Directors shall, except as otherwise required by this chapter or by the bylaws or certificate of incorporation, be elected by a plurality of the votes cast at a meeting of shareholders by the holders of shares entitled to vote in the election.


"So your election is coming up, and there are a lot of people fighting about who should be on the board and who should not. The proxies are coming in and residents want to have their candidates elected. Very often, if the rules are not followed, these things can get out of hand. And there are rules to be followed."

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