Cooperatives and Condominiums

Conflicts of Interest: A Broker on the Board

, New York Law Journal


In their Cooperatives and Condominiums column, Eva Talel and Richard Siegler examine the duty of care, the business judgment rule, the definition of an interested director and safe harbor provisions that can save a transaction from being successfully challenged when a co-op/condo board director brokered a transaction for the sale of an apartment in the building, which transaction the board is evaluating.

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