The agreement and all ratifications of the agreement shall be recorded in each county in which a portion of the condominium is situated and are effective only on recordation.Ĭ. The agreement shall specify a date after which the agreement will be void unless previously recorded. An agreement to convey common elements or subject them to a mortgage, deed of trust or security interest shall be evidenced by the execution of an agreement, or ratifications of the agreement, in the same manner as a deed, by the requisite number of unit owners. Proceeds of the sale or encumbrance of the common elements are an asset of the association.ī. The declaration may specify a smaller percentage only if all of the units in the condominium are restricted exclusively to nonresidential uses. Portions of the common elements may be conveyed or subjected to a mortgage, deed of trust or security interest by the association if persons entitled to cast at least eighty per cent of the votes in the association, or any larger percentage the declaration specifies, agree to that action in the manner prescribed in subsection B, except that all the owners of units to which any limited common element is allocated must agree in order to convey that limited common element or subject it to a mortgage, deed of trust or security interest. Conveyance or encumbrance of common elementsĪ. Participated in several voluntary activities.33-1252 - Conveyance or encumbrance of common elementsģ3-1252. Is it "voluntary delisted firms" or "voluntarily delisted firms" If whether the churning campaign's customers are voluntary a composition or improvisation, usually for organ, played at the beginning or end of a church serviceĮtymology: 14 th Century: from Latin voluntārius, from voluntās will, from velle to wishĪ person should be taken to intend any foreseen consequence of voluntary actionĬonsciously and voluntarily choosing / conscious and voluntary choosing.maintained or provided by the voluntary actions or contributions of individuals and not by the state: voluntary schools, the voluntary system.(of the muscles of the limbs, neck, etc) having their action controlled by the will.made without payment or recompense in any form: a voluntary conveyance.acting or done without legal obligation, compulsion, or persuasion.arising from natural impulse spontaneous: voluntary laughter. ![]()
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