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New York · Through 2026-09-11

N.Y. Real Property Law § 339-t: Withdrawal from provisions of this article

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Where this section sits in the code
  1. Real Property Law
  2. Article 9-B. Condominium Act

§ 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.

Collected 2026-09-14T19:32:45Z. Source file · JSON

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