Jennifer wants to sublet her Upper East Side apartment while she travels abroad for two years. She owns shares in the cooperative corporation and holds a proprietary lease. What approval process must Jennifer follow under New York co-op law?
Correct Answer
B) She must obtain written consent from the cooperative board of directors
New York cooperative bylaws typically require board approval for subletting. The proprietary lease and corporate bylaws generally give the board of directors discretionary authority to approve or deny subletting requests, often with specific criteria and time limits.
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