Sort Results by:

Keep up with our latest news.

Subscribe Now

News / 10.17.19 /Eric P. Blaha

Are Boards Always Protected by the “Business Judgment” Rule?

New board  members  in New York quickly learn that most of their decisions are protected under the “business judgment rule,” which states a court should defer to a co-op [or condo] board’s determination so long as the board is acting “for the purposes of the cooperative, within the scope of its authority, and in good …