§573. Withdrawal
The unit owners may remove a property from the provisions of this chapter by an instrument to that effect, duly recorded, containing the signatures of 90% of the unit owners, provided the holders of all liens affecting any of the units consent thereto or agree, in either case by instruments duly recorded, that their liens be transferred to an undivided interest in the property. Upon removal of the property from this chapter, the unit owners shall be deemed to own the property as tenants in common with undivided interests in the percentage of undivided interests previously owned by such owner in the common areas and facilities. [PL 1965, c. 357 (NEW).]
SECTION HISTORY
PL 1965, c. 357 (NEW).
Structure Maine Revised Statutes
33 §566. Compliance with bylaws and rules and regulations
33 §567. Certain work prohibited
33 §568. Common profits and expenses
33 §569. Contents of declaration
33 §570. Contents of deeds of units
33 §572. Mortgage and liens affecting a unit at time of first conveyance
33 §574. Subsequent resubmission
33 §577. Books of receipts and expenditures; availability for examination
33 §578. Waiver of use of common elements; abandonment of unit
33 §580. Lien for common changes
33 §584. Repair and reconstruction