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who can attend the annual meeting?Apr 29, 2007


In the average coop, If a person holds a signed proxy from s shareholder and that person happens to be a rent-controlled tenant in the same building - can they attend the annual shareholder meeting?
Can this person - or any person who comes to the meeting with a signed proxy (subtenent, etc) , ask questions at the meeting?

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Proxies & Who attends - AdC Apr 30, 2007


Read the "Bible" of the co-op, i.e., your by-laws to determine who attends, who gets elected and, if still the "bible" is in doubt, ask your co-op counsel. Also, how does your proxy read to know what powers it confers. Perhaps it is an issue of speaking with your counsel and have him/her review/prepare your proxy. I cannot see how in the WORLD co-op boards as so fullish not to have your counsel revew the proxy so that you get "NO SURPRISES."

AdC

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> Join the conversation Comments (1)
this does not ans the questions. ANYONE ELSE? - Anonymous Apr 30, 2007


need a striaght informative answer. thank you - we do know people can come bearing signed proxies - the questions is - can they be rent regulated tenants - can they be anyone?

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proxies - RLMcKee Apr 30, 2007


It is my understanding that ANYONE may attend an Annual Meeting if they hold a signed proxy, and may vote that proxy however they wish.

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From Anonymous to Anonymous - Anonymous May 01, 2007


Ask your co-op attorney to get a straight answer.



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Proxy holders - BP Apr 30, 2007


Big Al: Unless coop governing documents say otherwise, a person doesn't have to be a shareholder to be appointed as a proxy. But he must attend the annual meeting if any issue including board elections will be voted on, otherwise those shares cannot be included in any tally. The exception is if a proxy form lets a shareholder cast a vote for specific board candidates - or states issues to be voted on and lets a shareholder check off a "yes" or "no" vote for them. As far as I know, anyone who's a proxy can ask questions at an annual meeting. Check this with your attorney. My board's always felt that rental/sublet tenants or anyone else in the bldg who isn't a shareholder shouldn't be allowed to be a proxy because they shouldn't be privy to all the coop's business. A debate.

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