Sec. 47-88a. Consolidation of condominiums.
284 words·~1 min read·
/ct/title-47/chapter-825-condominium-act/47-88a·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Two or more condominiums established pursuant to chapter 825 of the general statutes, revision of 1958, revised to 1975, or established pursuant to this chapter, may, by agreement pursuant to this section, merge the operations and activities of their respective associations of unit owners into a single association of unit owners, with the powers, obligations and responsibilities of such association under this chapter.
(b)The merger agreement may only take effect following the agreement in writing of three-fourths of the unit owners and the mortgagees of three-fourths of the units subject to mortgage of each condominium.
(c)The vote of the unit owners in the resultant association shall be pursuant to subsection
(b)of section 47-80 .
(d)The percentage interests in the common elements assigned to each unit of each condominium shall remain unchanged, and the title, description and separate character of each condominium shall remain unchanged.
(e)The amended bylaws, and if necessary the declaration, shall be recorded on the land records in the same manner as required for other amendments.
(f)The agreement for merger shall include such terms and conditions as may be necessary to effectuate the merger, and not otherwise inconsistent with this chapter or any provision of the general statutes. Notwithstanding the provisions of subsection
(a)of section 47-90c , amended bylaws shall conform to the provisions of this chapter even if an affected condominium was declared prior to January 1, 1977.
(g)The resultant association shall have the power to assess common charges and distribute common profits on all member unit owners in the same manner and based upon the same percentage interest in the common expenses and profits of each condominium as its predecessor associations.