Note
This part, referenced as repealed in the main volume, was reenacted by L 2007, c 244, pt of §2. Source notes for the sections in this part begin with L 2007, c 244.
Cross References
Association documents to be provided, see §514B-154.5.
§514A-83 Purchaser's right to vote. The purchaser of an apartment pursuant to an agreement of sale recorded in the bureau of conveyances or land court shall have all the rights of an apartment owner, including the right to vote; provided that the seller may retain the right to vote on matters substantially affecting the seller's security interest in the apartment, including but not limited to the right to vote on:
(1) Any partition of all or part of the project;
(2) The nature and amount of any insurance covering the project and the disposition of any proceeds thereof;
(3) The manner in which any condemnation of the project shall be defended or settled and the disposition of any award or settlement in connection therewith;
(4) The payment of any amount in excess of insurance or condemnation proceeds;
(5) The construction of any additions or improvements, and any substantial repair or rebuilding of any portion of the project;
(6) The special assessment of any expenses;
(7) The acquisition of any apartment in the project;
(8) Any amendment to the declaration of condominium property regime or bylaws;
(9) Any removal of the project from the provisions of this chapter; and
(10) Any other matter which would substantially affect the security interest of the seller. [L 2007, c 244, pt of §2]
Section: Previous 514a-82.1 514a-82.2 514a-82.3 514a-82.4 514a-82.5 514a-82.6 514a-82.15 514a-83 514a-83.1 514a-83.2 514a-83.3 514a-83.4 514a-83.5 514a-83.6 514a-84 NextLast modified: October 27, 2016