2021 New Mexico Statutes
Chapter 47 - Property Law
Article 7C - Condominium Act - Management of Condominium

Section 47-7C-1 - Organization of unit owners' association. - A unit owners' association shall be organized no later than...

Section 47-7C-2 - Powers of unit owners' association. - A. Except as provided in Subsection B of this section,...

Section 47-7C-3 - Executive board members and officers. - A. Except as provided in the declaration, the bylaws or...

Section 47-7C-4 - Transfer of special declarant rights. - A. No special declarant right created or reserved under the...

Section 47-7C-5 - Termination of contracts and leases of declarant. - If entered into before the executive board elected by the...

Section 47-7C-6 - Bylaws. - A. The bylaws of the association shall provide for: (1)...

Section 47-7C-7 - Upkeep of condominium. - A. Except to the extent provided by the declaration, Subsection...

Section 47-7C-8 - Meetings. - A meeting of the association shall be held at least...

Section 47-7C-9 - Quorums. - A. Unless the bylaws provide otherwise, a quorum is present...

Section 47-7C-10 - Voting; proxies. - A. If only one of the multiple owners of a...

Section 47-7C-11 - Tort and contract liability. - Neither the association nor any unit owner except the declarant...

Section 47-7C-12 - Conveyance or encumbrance of common elements. - A. Portions of the common elements may be conveyed or...

Section 47-7C-13 - Insurance. - A. Commencing not later than the time of the first...

Section 47-7C-14 - Surplus funds. - Unless otherwise provided in the declaration, any surplus funds of...

Section 47-7C-15 - Assessments for common expenses. - A. Until the association makes a common expense assessment, the...

Section 47-7C-16 - Lien for assessments. - A. The association has a lien on a unit for...

Section 47-7C-17 - Other liens affecting the condominium. - A. Except as provided in Subsection B of this section,...

Section 47-7C-18 - Association records. - The association shall keep financial records sufficiently detailed to enable...

Section 47-7C-19 - Association as trustee. - With respect to a third person dealing with the association...