55-79.64 - Contraction of condominium.
§ 55-79.64. Contraction of condominium.
No condominium shall be contracted except in accordance with the provisionsof the declaration and of this chapter. Any such contraction shall be deemedto have occurred at the time of the recordation of an amendment to thedeclaration, executed by the declarant, containing a legal description bymetes and bounds of the land withdrawn from the condominium. If portions ofthe withdrawable land were described pursuant to subdivision (d) (5) of §55-79.54, then no such portion shall be so withdrawn after the conveyance ofany unit on such portion. If no such portions were described, then none ofthe withdrawable land shall be withdrawn after the first conveyance of anyunit thereon.
(1974, c. 416.)