NYC Council Introduction 917

intro.nyc/0917-2023 2022-2023 Legislative Session
Requiring cooperative corporations to provide financial information to prospective purchasers of cooperative apartments.
Status: Filed (End of Session) Committee on Housing and Buildings
Sponsored by Pierina Ana Sanchez
Introduced: February 2, 2023

This bill would require any cooperative corporation to disclose its finances to a prospective purchaser whose offer to purchase an interest and right to reside in the cooperative corporation has been accepted. The financial information would have to be provided within 14 days of a request by the prospective purchaser.

Sponsors: 16