N.Y. Real Prop. Law §339-v
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Condominium Act — Contents of By-laws
The by-laws requirements section — where New York puts the board-of-managers machinery. The by-laws must provide for the nomination and election of a board of managers with at least one-third of terms expiring annually, the board's powers and duties and compensation, the removal method for board members, and whether a manager or managing agent may be engaged and which board powers may be delegated. Operation of the property, maintenance and repair rules, common-charge collection method, and hearing procedures also live in the by-laws under this section.
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Governance
| Ref | Requirement |
|---|---|
| 1(a) | New York condo boards are elected under the by-laws with staggered terms — at least a third of the seats turn over every year. |
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