Is it Necessary To Review The Board’s Minutes Before I Buy a Co-op?


The state’s Business Corporation Law requires co-op corporations to maintain minutes of all board meetings. Reviewing the minutes could also reveal issues involving the heating system, plumbing, roof, or façade of the building. A review may reveal if the board is using assessments to offset proper budgeting. The minutes may state that the board is … More Is it Necessary To Review The Board’s Minutes Before I Buy a Co-op?