Vermont § 1314 Blanket mortgages and other blanket liens affecting an apartment or site at time of first conveyance

Vermont Statutes

§ 1314 — Blanket mortgages and other blanket liens affecting an apartment or site at time of first conveyance

Vermont·Title 27 Title 27: Property·Ch. 15 Chapter 015: Condominium Ownership Act

At the time of the first conveyance of each apartment or site, every mortgage and other lien affecting the apartment or site, including the percentage of undivided interest of the apartment or site in the common areas and facilities, shall be paid and satisfied of record, or the apartment or site being conveyed and its percentage of undivided interest in the common areas and facilities shall be released therefrom by partial release duly recorded. (Added 1967, No. 228 (Adj. Sess.), § 14, eff. Jan. 23, 1968; amended 1993, No. 97, § 2.)

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At the time of the first conveyance of each apartment or site, every mortgage and other lien affecting the apartment or site, including the percentage of undivided interest of the apartment or site in the common areas and facilities, shall be paid and satisfied of record, or the apartment or site being conveyed and its percentage of undivided interest in the common areas and facilities shall be released therefrom by partial release duly recorded. (Added 1967, No. 228 (Adj. Sess.), § 14, eff. Jan. 23, 1968; amended 1993, No. 97, § 2.)

Vermont § 1314 (Blanket mortgages and other blanket liens affecting an apartment or site at time of first conveyance) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.