Minnesota § 515.16 REMOVAL FROM PROVISIONS OF SECTIONS 515.01 TO 515.29

Minnesota Statutes

§ 515.16 — REMOVAL FROM PROVISIONS OF SECTIONS 515.01 TO 515.29

Minnesota § 515.16

PartPROPERTY AND PROPERTY INTERESTS

Ch. 515MINNESOTA CONDOMINIUM ACT

This text of Minnesota § 515.16 (REMOVAL FROM PROVISIONS OF SECTIONS 515.01 TO 515.29) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 515.16 (2026).

Text

(a)All of the apartment owners may remove a property from the provisions of sections515.01to515.29by an instrument to that effect, duly recorded, provided that the holders of all liens affecting any of the apartments consent thereto or agree, in either case by instruments duly recorded, that their liens be transferred to the percentage of the undivided interest of the apartment owner in the property as hereinafter provided.

(b)Upon removal of the property from the provisions of sections515.01to515.29, the property shall be deemed to be owned in common by the apartment owners. The undivided interest in the property owned in common which shall appertain to each apartment owner shall be the percentage of undivided interest previously owned by such owner in the common areas and facilities.

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(a) All of the apartment owners may remove a property from the provisions of sections515.01to515.29by an instrument to that effect, duly recorded, provided that the holders of all liens affecting any of the apartments consent thereto or agree, in either case by instruments duly recorded, that their liens be transferred to the percentage of the undivided interest of the apartment owner in the property as hereinafter provided.
(b) Upon removal of the property from the provisions of sections515.01to515.29, the property shall be deemed to be owned in common by the apartment owners. The undivided interest in the property owned in common which shall appertain to each apartment owner shall be the percentage of undivided interest previously owned by such owner in the common areas and facilities.