HABITAT
Why Bother to Keep Meeting Minutes? Seriously: Some Boards Ask. Here's Why
Written by Frank Lovece on May 23, 2013
Although the New York State Condominium Act requires a secretary to keep a "record" of the actions of the board, and the State's Business Corporation Law (BCL) requires that "minutes" be kept, practically speaking, most attorneys say there's not a dime's worth of difference between the two requirements. While the BCL statutorily doesn't apply to condos, case law over the years has, practically speaking, placed condominiums under the BCL umbrella.
Board Talk
Engage, enrage, ask questions and give answers with your community of board members. Submit your questions and comments here!
Habitat Week by Week
Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.
Ask the Experts
learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
Subscribe
join nowGot elected? Are you on your co-op/condo board?
Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!