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