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2011 Maine Revised Statutes
TITLE 33: PROPERTY
Chapter 10: UNIT OWNERSHIP
33 §572. Mortgage and liens affecting a unit at time of first conveyance


33 ME Rev Stat § 572 (2011 through 125th Legis) What's This?

Subchapter 1: UNIT OWNERSHIP HEADING: RR 1993, C. 1, §101 (COR)

§572. Mortgage and liens affecting a unit at time of first conveyance

At the time of the first conveyance of each unit, every mortgage and other lien affecting such unit, including the percentage of undivided interest of the unit in the common areas and facilities, shall be paid and satisfied of record, or the apartment being conveyed and its percentage of undivided interest in the common areas and facilities shall be released therefrom by partial release duly recorded. [1965, c. 357, (NEW).]

SECTION HISTORY

1965, c. 357, (NEW).

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