Directors owe it to themselves and their members to review co-op by-laws and agreements as often as necessary to be sure they understand them. Though the documents do not necessarily address themselves to every question that might arise, they do spell out the rights of the board and the membership. Patience and careful study of the articles of incorporation, by-laws, regulatory, occupancy, and subscription agreements give the board a clear understanding of what it can and cannot legally do. The co-op’s reading matter– they do contain a fair amount of “legalese”– but their wording is relatively straightforward, and they hold a great deal of important information. If, despite its efforts, the board does not feel secure in its understanding of every aspect of the documents, it can and should ask for help from its co-op attorney. The board must understand these documents, for they are the basis of its authority

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