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Welcome to the Gallet Dreyer & Berkey, LLP Banking and Financial Institutions Blog. Our firm provides legal services to a wide range of banks and other financial institutions, from some of the smallest in New York to some of the largest in the world. Every week, we encounter one or more tidbits of legal information, or legal issues, that we want to share with our clients and others in the industry.
?Unfortunately, many boards and managing agents of New York City cooperatives report continuing problems with shareholders who are always doing something to annoy their neighbors or who continually break co-op rules. What can be done? Fortunately, most proprietary leases provide the co-op with a choice of two remedies.
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