What is the name of your state (only U.S. law)? New York State
We have received the following letter sent by the Coop Board of Directors:
Re: Repair/Replacement of Dishwashers
TO ALL STOCKHOLDERS
At the monthly meeting of the Board of Directors the following Resolution was made and approved as follows:
Berkeley Cooperative Towers Section III Corp. Will no longer pay for repairs or replacement of dishwashers.
It will be the responsibility of individual shareholders.
Board of Directors
My question is : This coop had this policy of the coop taking the responsibility of maintaining and replacing the dishwashers from the time when the coop was created in 1963. Now we got a new Board president of coop who is determined to reduce services. Can the Board reduce such services to individual coop apartments?
We have received the following letter sent by the Coop Board of Directors:
Re: Repair/Replacement of Dishwashers
TO ALL STOCKHOLDERS
At the monthly meeting of the Board of Directors the following Resolution was made and approved as follows:
Berkeley Cooperative Towers Section III Corp. Will no longer pay for repairs or replacement of dishwashers.
It will be the responsibility of individual shareholders.
Board of Directors
My question is : This coop had this policy of the coop taking the responsibility of maintaining and replacing the dishwashers from the time when the coop was created in 1963. Now we got a new Board president of coop who is determined to reduce services. Can the Board reduce such services to individual coop apartments?