Okla. Stat. tit. 60, § 60-517: Removal of property from provisions of act
Where this section sits in the code
- OK Code
- Title 60
The unit owners, by unanimous action, may remove a property from
the provisions of this act by an instrument to that effect, duly
recorded, provided that the holders of all liens affecting any of
the units consent thereto or agree, in either case by instruments
duly recorded, that their liens be transferred to an undivided
interest in the property.
Upon removal of the property from the provisions of this act,
the property shall be deemed to be owned in common by the unit
owners. The undivided interest in the property owned in common which
shall appertain to each unit owner shall be the percentage of
undivided interest previously owned by such owner in the common
elements and facilities.
Collected 2026-09-14T18:32:36Z. Source file · JSON