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Adam Leitman Bailey, P.C. Prepares Forms for New Disclosure Law and Smoking Policy

By Rachel Sigmund


Effective January 1, 2018, Section 727 of the Business Corporation Law (BCL) requires all New York condominium and co-op boards to disseminate to all unit owners/shareholders, at least once annually, a written report of any contracts entered into by the board during the reporting year wherein a particular director/board member was “interested” per the terms of BCL Section 713.

New Annual Reporting Requirement for Co-Op & Condo Boards: BCL Section 727

Rachel Sigmund of Adam Leitman Bailey, P.C. drafted forms for both BCL 727 (new disclosure law) and Local Law 147 (smoking policy):

FORM_BCL 727 Disclosure – Board of Directors (Cooperative)

FORM_BCL 727 Disclosure – Board of Managers (Condominium)

FORM_LL147 Smoking Policy – Condominium

FORM_LL147 Smoking Policy – Cooperative

Related Attorneys

Rachel Sigmund

Adam Leitman Bailey, P.C.

NEW YORK REAL ESTATE ATTORNEYS