More info...
If attorneys' fees are paid by borrowing from reserves, the money must be repaid through an assessment levied equally among titleholders. Question: I own one of the more than 130 units in my cooperative, which was recently sued in a personal injury suit. We won the case, but the court awarded only a little more than $4,000 of the more than $20,000 legal bill to our cooperative's association. I ...
