9.15 to 11.15 a.m. 6.BREAKING THE GRIP OF AN ENTRENCHED BOARD Some cooperatives and condominiums cease to function in the democratic way provided by their governing documents. A self-perpetuating board does not communicate with residents, nor call annual meetings, nor hold elections. Then there are those boards dominated for years by investor owners and sponsors, with the issues of resident owners largely ignored. Residents become so disheartened or fearful of the power of the board, that they accept this diminished situation. In some instances, there are very serious repercussions, including depressed re-sale prices and increased costs in obtaining financing. But change is possible. Attorneys Theresa Racht and Alfred M. Taffae will provide advice on how shareholders or unit owners can organize to break the grip of an entrenched board. 69 additional seminars available. Learn more and sign up by visiting http://www.cnyc.coop or calling 212-496-7400