There Is a Newer Version
of
the New Mexico Statutes
2011 New Mexico Statutes
Chapter 47: Property Law
Article 7: Building Unit Ownership, 47-7-1 through 47-7-28
Section 47-7-27: Personal application.
Universal Citation:
NM Stat § 47-7-27 (1996 through 1st Sess 50th Legis)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
47-7-27. Personal application.
A. All unit owners, tenants of owners, employees of owners and tenants, or any other persons that may in any manner use property or any part thereof submitted to the provisions of the Building Unit Ownership Act shall be subject to the act and to the declaration and bylaws of the association of unit owners adopted pursuant to the provisions of the act.
B. All agreements, decisions and determinations lawfully made by the association of unit owners in accordance with the voting percentages established in the Building Unit Ownership Act, declaration or bylaws, shall be deemed to be binding on all unit owners.
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