Should Condo Associations Be Incorporated?

I had assumed that my condo association was an LLC or corporation but when I searched on the NY Dept of State website I couldn’t find it.  Are most small condos organized as an LLC or Corp to limit the liability of the individual owners?  Thanks.

dylan621

in Co-Op Related 13 years and 3 months ago

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cm | 13 years and 3 months ago

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New York condos are special status associations created under the Real Property Law. You may want to read the attached re individual unit owner liability. http://www.stroock.com/SiteFiles/Pub398.pdf