Condos could make for an excellent low maintenance lifestyle, second residence, or funding property. B. If the condominium devices present that any officer or officers have to be unit owners, then however the provisions of subsection (a) of § fifty five-79.50 , the term “unit owner” in such context shall, unless the condominium instruments otherwise provide, be deemed to include, without limitation, any director, officer, partner in, or trustee of any person which is, either alone or in conjunction with another person or persons, a unit proprietor.
B. In circumstances of dispositions in a condominium where all items are restricted to nonresidential use, the provisions of §§ 55-79.88 via 55-seventy nine.95 shall not apply, until the tactic of provide or disposition is adopted for the purpose of evasion of this chapter.
(2) Prohibits the creation of any models not described pursuant to subdivision (b) (6) of § 55-seventy nine.54 (within the case of convertible lands) and subdivision (c) (12) of § fifty five-seventy nine.54 (in the case of further land), and incorporates from the outset a statement of the par value that shall be assigned to each such unit that may be created.
three. If the unit owner meets the …