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A01724 Summary:
| BILL NO | A01724 |
| SAME AS | No Same As |
| SPONSOR | Dinowitz |
| COSPNSR | Colton |
| MLTSPNSR | |
| 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. | |