46:8A-3 - Horizontal property regimes; mergers - New Jersey Statutes

46:8A-3.  Horizontal property regimes;  mergers
    Whenever a sole owner or the coowners of a building expressly declare, through the recordation of a master deed, which shall set forth the particulars  enumerated in section 9, their desire to submit their property to the regime  established by this act, there shall thereby be established a horizontal  property regime.  The coowners of property established as a single horizontal  property regime may merge with the coowners of property in one or more other  regimes to form a new single horizontal property regime, upon the consent of a  majority of the coowners of the property in each of the merging regimes.

     L.1963, c. 168, s. 3.  Amended by L.1978, c. 124, s. 2, eff. Oct. 5, 1978.