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This entry was published on 2014-09-22
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SECTION 339-T
Withdrawal from provisions of this article
Real Property (RPP) CHAPTER 50, ARTICLE 9-B
§ 339-t. Withdrawal from provisions of this article. If withdrawal of
the property from this article is authorized by at least eighty per cent
in number and in common interest of the units, or by at least such
larger percentage either in number or in common interest, or in both
number and common interest, as may be specified in the by-laws, then the
property shall be subject to an action for partition by any unit owner
or lienor as if owned in common, in which event the net proceeds of sale
shall be divided among all the unit owners in proportion to their
respective common interests, provided, however, that no payment shall be
made to a unit owner until there has first been paid off out of his
share of such net proceeds all liens on his unit. Such withdrawal of
the property from this article shall not bar its subsequent submission
to the provisions of this article in accordance with the terms of this
article.