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A03901 Summary:

BILL NOA03901
 
SAME ASNo Same As
 
SPONSORDinowitz
 
COSPNSRColton, Kavanagh
 
MLTSPNSRGottfried, Wright
 
Amd 352-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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