New York A02382 establishes an appeals process for disputes between shareholders and boards of directors of residential cooperatives.

New York A02382 amends the cooperative corporations law and the executive law to allow shareholders in residential cooperatives to appeal decisions made by the board of directors to a hearing officer appointed by the attorney general. The hearing officer must hear the appeal within sixty days of filing with the Department of Law, giving notice to the board of directors. The officer will provide each party an opportunity to be heard and render a final determination based on the evidence and testimony presented.

New York A02382 establishes an appeals process for disputes between shareholders and boards of directors of residential cooperatives.

New York A02382 amends the cooperative corporations law and the executive law to allow shareholders in residential cooperatives to appeal decisions made by the board of directors to a hearing officer appointed by the attorney general. The hearing officer must hear the appeal within sixty days of filing with the Department of Law, giving notice to the board of directors. The officer will provide each party an opportunity to be heard and render a final determination based on the evidence and testimony presented.