Legal Question in Real Estate Law in New York

Can a co-op board assess paying shareholders to cover the cost of non-paying shareholders?

Asked on 1/23/18, 12:44 pm

1 Answer from Attorneys

Richard Bryan Richard Bryan Attorney PC

Yes. The mortgage and maintenance on the building have to be paid while the board deals with the non-paying shareholders.

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Answered on 1/23/18, 4:20 pm

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