Partner James Glatthaar Presents Legal Update to Co-op and Condo Management Firms
Bleakley Platt partner James Glatthaar recently presented a legal update for owners and property managers at Gramatan Management, a co-op and condo managing agent in New Rochelle. His program focused on recent amendments to the BCL (Business Corporation Law) and N-PCL (Not-For- Profit Corporation Law) regarding conflict of interest reporting for co-ops and condos and homeowner’s associations (HOAs). Mr. Glatthaar explained the new law and the resulting new responsibilities to the company’s property managers and property owners, who were invited to attend his presentation.
In mid-November, Mr. Glatthaar is scheduled to speak on the amended laws and new responsibilities for Hudson North Management, a property management company located in Ardsley.
The new law, which takes effect on January 1, 2018, requires additional disclosure by “interested directors” of Cooperatives, Condominiums or Homeowners Associations, i.e. directors who have a direct or indirect interest in a party to a financial transaction approved by the Board.
Click here to read Mr. Glatthaar’s legal advisory.
Click here to view his attorney profile.