Manhattan, NY asked in Real Estate Law for New York

Q: My board conducts its annual meetings online and prevents new candidates from running. What are the legal options?

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3 Lawyer Answers
Jack Mevorach
Jack Mevorach
Answered
  • Cedarhurst, NY
  • Licensed in New York

A: Ultimately, if they don't abide by the law, you can file a lawsuit.

Jack

Steven Warren Smollens agrees with this answer

Daniel Michael Luisi
Daniel Michael Luisi
Answered
  • BROOKLYN, NY
  • Licensed in New York

A: Your attorney should review the board’s bylaws and the election minutes to determine whether the proper procedures were followed. Common violations involve lack of a quorum and invalid proxy votes. Be advised that you must file your lawsuit to challenge the election within 4 months pursuant to the Business Corporation Law or forfeit your rights.

Peter J. Weinman , Carl Nelson and Steven Warren Smollens agree with this answer

Elaine Shay
PREMIUM
Elaine Shay
Answered
  • New York, NY
  • Licensed in New York

A: If permitted by the By-Laws, the annual meeting may be conducted online. You'd have to be more specific about what the Board does to prevent new candidates from running. It isn't uncommon to have a hard time getting enough shareholders willing to sit on the Board.

Steven Warren Smollens , Carl Nelson and Peter J. Weinman agree with this answer

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