Written by Bendix Anderson on September 04, 2019
Long Island co-op completes capital projects without assessing shareholders.
Written by Jennifer V. Hughes on July 11, 2013
New York City and State legislators have introduced bills that would institute timelines for when co-op boards have to reach an admissions decision, with one bill that would mandate boards either give a reason why they rejected a potential buyer or swear that the reasons for rejection were not based on discrimination.
Are these reasonable? For a real-world example, we can look to Suffolk County, Long Island, which in 2009 enacted a co-op admissions law with both time clocks and required reasons for rejection.
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