2012 New York Consolidated Laws
RPP - Real Property
Article 9-B - (339-D - 339-KK) Condominium Act
339-T - Withdrawal from provisions of this article.


NY Real Prop L § 339-T (2012) What's This?
 
    §  339-t. Withdrawal from provisions of this article. If withdrawal of
  the property from this article is authorized by at least eighty per cent
  in number and in common interest of the  units,  or  by  at  least  such
  larger  percentage  either  in  number or in common interest, or in both
  number and common interest, as may be specified in the by-laws, then the
  property shall be subject to an action for partition by any  unit  owner
  or lienor as if owned in common, in which event the net proceeds of sale
  shall  be  divided  among  all  the  unit  owners in proportion to their
  respective common interests, provided, however, that no payment shall be
  made to a unit owner until there has first been  paid  off  out  of  his
  share  of  such  net proceeds all liens on his unit.  Such withdrawal of
  the property from this article shall not bar its  subsequent  submission
  to  the  provisions of this article in accordance with the terms of this
  article.

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