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Ask Curbed: On Being a Coop Board Member

Questions about coops are always captivating. Here's one from the Ask Curbed Inbox that deal with being a board member and all the trials and tribulations it entails:

I have been a board member in a co-op for a number of years. Recently I resigned and put my apartment up for sale. If I were to know something as a board member that I do not know as a shareholder (for example, an assessment that is being discussed by the board but not yet told to the shareholders) do I have a duty to disclose this information? If so, that would seem to make being a board member even more unpalatable than it is already.As always, send your Ask Curbed questions to us here. Your answers ahead in the Comments section.