Coop shareholders need help clarifying bylaws, responsibility of the board of directors and management. Information received is very confusing. Thank

A cooperative corporation's bylaws can be very confusing indeed, especially since they may need interpretation in the context of the original offering plan, house rules, current assessments and amendments- and in this case, the contract with the management company. The only way to answer your question is to get more details and review the relevant documents. Very few lawyers know their way around these documents, as this area of law is not commonly understood by most real estate attorneys.