70-23-801. Removal from chapter -- recorded instrument -- consent of lienholders. All of the unit owners may remove a property from the provisions of this chapter by executing and recording an instrument to that effect if 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 the undivided interest of the unit owner in the property after removal from the provisions of this chapter.
History: En. Sec. 32, Ch. 120, L. 1965; R.C.M. 1947, 67-2332; amd. Sec. 3, Ch. 452, L. 1985.
Structure Montana Code Annotated
Chapter 23. Unit Ownership Act -- Condominiums
Part 8. Removal of Property From Unit Ownership Act
70-23-801. Removal from chapter -- recorded instrument -- consent of lienholders
70-23-802. Obsolete property -- restoration or sale -- removal from chapter
70-23-803. Damage to property -- decision not to repair or rebuild -- removal from chapter
70-23-804. Effect of removal -- ownership in common -- liens
70-23-805. Effect of removal -- subject to partition -- sale