Section 43-15A-9 - Recording of master deeds and leases--Tax inapplicable to original recordation.

43-15A-9. Recording of master deeds and leases--Tax inapplicable to original recordation. A master deed or lease shall be recorded in the same manner and subject to the same provisions of law as are deeds; provided, that no state or local recordation tax upon the value of the property transferred shall apply to any such deed or portion thereof recorded solely for the purpose of complying with the provisions of § 43-15A-3.

Source: SL 1975, ch 270, § 5.