coop to condo conversion

[sepla amarasena]

I live in CA in a coop and the members of the board are determined to convert to a condo under the Davis Sterling act. However the gov, docs says that a 2/3 majority is required to LIQUIDATE the document and to make changes or amendments only a simple majority is necessary. My thinking is that the conversion will involve and entirely new set of rules and regulations and the old document will have to be liquidated and the new one substituted. They only got 55 votes when 63 are needed for liqudation.
Am I correct ?

 

[HomeGuru]

I live in CA in a coop and the members of the board are determined to convert to a condo under the Davis Sterling act. However the gov, docs says that a 2/3 majority is required to LIQUIDATE the document and to make changes or amendments only a simple majority is necessary. My thinking is that the conversion will involve and entirely new set of rules and regulations and the old document will have to be liquidated and the new one substituted. They only got 55 votes when 63 are needed for liqudation.
Am I correct ?

**A: yes you are, since a condo is an entirely separate entity from a coop.