Co-op Apartment Sale Timelines Approved
At a glance
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The committee approved Intro. 1120-B, establishing timelines for cooperative corporations to approve or deny cooperative apartment sales, by an 11-0 roll-call vote.
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What this means
The measure became Local Law 58, according to the minutes. It sets deadlines for co-op boards to decide whether to approve or deny an apartment sale. The committee also filed the Mayor's veto message after holding it for consideration.
Key decisions
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- Approved Intro. 1120-B by an 11-0 roll-call vote.
- The measure was enacted as Local Law 58.
- Held and filed the Mayor's message concerning Intro. 1120-B.
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