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coop board elections - sponsor majority

Started by counterfugue
over 9 years ago
Posts: 9
Member since: Jul 2016
Discussion about
In a building where the sponsor controls 65% of the units, how can someone get elected to the board? That is, do the renters of the sponsor units have any influence as to how the sponsor votes?
Response by NWT
over 9 years ago
Posts: 6643
Member since: Sep 2008

The sponsor can't control the board longer than five years, no matter how much of the co-op or condo she owns.

The sponsor's tenants have no say.

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Response by counterfugue
over 9 years ago
Posts: 9
Member since: Jul 2016

What does "control" mean? (I've read about the "5-year" ruling...) If he has a 65% vote, doesn't he effectively control the board? Also, he has two seats on the 5-seat board.

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