2005 Connecticut Code - Sec. 47-87. Liability for mortgages, liens and assessments on conveyance of unit.
Sec. 47-87. Liability for mortgages, liens and assessments on conveyance of
unit. (a) At the time of the first conveyance of each unit, except by foreclosure or deed
in lieu thereof, or from the declarant in which conveyance the rights and obligations of
the declarant are assumed, every mortgage and other lien, except such as are not yet
due and payable as permitted by subsection (d) of section 47-70, affecting such unit,
including the percentage of undivided interest of the unit in the common elements, shall
be paid and satisfied of record, or the unit being conveyed and its percentage of undivided
interest in the common elements shall be released therefrom by recorded partial release.
(1963, P.A. 605, S. 13, 23; 1971, P.A. 813, S. 12; P.A. 76-308, S. 10, 36.)
History: 1971 act provided that at the time of first conveyance of unit every mortgage and other lien which is due and payable shall be paid; P.A. 76-308 provided an exception from that requirement when the first conveyance was by foreclosure, deed in lieu of foreclosure or when the purchaser assumed the rights and obligations of the declarant.
See Sec. 47-90c re effective date and applicability of chapter.
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