Case Notes by

Anna Guiliano, Borah Goldstein Altschuler Nahins & Goidel

First published: Aug 2022
Wyche v. Haywood-Diaz

TAKEAWAY For shareholders who are disgruntled with the current board and want a new election, there are mechanisms for doing so. But if it’s not according to your co-op’s bylaws or New York’s Business Corporation Law, be warned. A court of law will not recognize the election, you will have spent an enormous amount of time (and potentially legal fees), and the old board will remain in place.

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