2011 New Mexico Statutes
Chapter 47: Property Law
Article 7B: Condominium Act - Creation, Alteration and Termination of Condominiums, 47-7B-1 through 47-7B-21
Section 47-7B-13: Subdivision of units.


NM Stat § 47-7B-13 (1996 through 1st Sess 50th Legis) What's This?

47-7B-13. Subdivision of units.

A. If the declaration expressly so permits, a unit may be subdivided into two or more units. Subject to the provisions of the declaration and other provisions of law, upon application of a unit owner to subdivide a unit, the association shall prepare, execute and record an amendment to the declaration, including the plats and plans, subdividing that unit.

B. The amendment to the declaration must be executed by the owner of the unit to be subdivided, assign an identifying number to each unit created and reallocate the allocated interests formerly allocated to the subdivided unit to the new units in any reasonable manner prescribed by the owner of the subdivided unit.

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