In reviewing a condominium board's actions, courts should apply the business judgment rule, under which the court's inquiry is limited to whether the board acted within the scope of its authority under the by-laws and whether the action was taken in good faith to further a legitimate interest of the condominium. Absent a showing of fraud, self-dealing, or unconscionability, the court will not inquire as to the wisdom or soundness of the business decision.
Board of Mgrs. of Oceanview Condominium v. Riccardi, NY Slip Op 03806 (2d Dep't July 17, 2024)
