2005 Connecticut Code - Sec. 47-74c. Declarant not to retain ownership interest in recreational facilities.
Sec. 47-74c. Declarant not to retain ownership interest in recreational facilities. The declarant shall not retain ownership of, and lease or otherwise require payment
for the use of the recreation facilities nor shall the declarant convey such recreation
facilities to any person other than to the unit owners of the condominium served by such
recreation facilities, which shall be common elements of the condominium within which
they are located or which they serve; provided any condominium may provide by its
condominium instruments that by affirmative vote of the unit owners at any time after
the unit owners other than the declarant have assumed or have the right to assume control
of the unit owners' association under section 47-74b, all or part of the recreational
facilities serving such condominium shall be conveyed to a nonstock corporation organized under chapter 602, the board of directors of which shall be composed exclusively
of unit owners of the condominium served by such recreational facilities.
History: P.A. 96-256 replaced reference to Ch. 600 with Ch. 602, effective January 1, 1997.
See Sec. 47-90c re effective date and applicability of chapter.
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