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A00305 Summary:

BILL NO    A00305 

SAME AS    No same as 

SPONSOR    Dinowitz (MS)

COSPNSR    Colton, Kavanagh

MLTSPNSR   Farrell, Gottfried, Wright

Amd SS352-eee & 352-eeee, Gen Bus L

Requires that the board of directors or board of managers of a converted
cooperative or condominium, as the case may be, must be comprised of a majority
of members elected by shareholders or owners in occupancy so that control of
the converted cooperative or condominium is turned over to the unit owners as
soon as possible; applies only to plans of 20 or more units.
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