S9572 — Requires at least one director on a board of directors be a primary resident of the residential cooperative housing corporation and prohibits certain charges by such corporations without 30 days notice

S9572 — Requires at least one director on a board of directors be a primary resident of the residential cooperative housing corporation and prohibits certain charges by such corporations without 30 days notice · Informed CitizenryThis bill amends the Business Corporation Law, Not-for-Profit Corporation Law, and Real Property Law to establish new requirements for residential cooperative housing corporations. It requires that…Open in Informed Citizenry