X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
http://nycourts.law.com/CourtDocumentViewer.asp?view=Document&docID=46458 Justice Cahn PETITIONER, A member of respondent labor union’s board of directors, sought receipts underlying certain union financial records. The union’s treasurer denied petitioner’s request for lack of just or reasonable cause. In his motion to compel the union’s president and treasurer to provide the receipts to its directors, petitioner contended that he did not need cause to access the receipts so as to properly perform his duties as a director responsible for exercising control over union expenditures. The court denied petitioner’s motion, finding, among other things, that unless the board of directors votes to review materials underlying a financial statement, an individual director lacks authority to access those materials. The court observed that, as a director, petitioner would presumably have become aware of any improperly made expenditures and would then be able to assert “just cause” to examine the union’s books and records pursuant to 12 New York Codes, Rules and Regulations �520-2.1.

Want to continue reading?
Become a Free ALM Digital Reader.

Benefits of a Digital Membership:

  • Free access to 3 articles* every 30 days
  • Access to the entire ALM network of websites
  • Unlimited access to the ALM suite of newsletters
  • Build custom alerts on any search topic of your choosing
  • Search by a wide range of topics

*May exclude premium content
Already have an account?

 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.