46:8A-21 - Priority of liens
46:8A-21.Ā Priority of liens
Upon the sale or conveyance of an apartment, all unpaid assessments againstĀ a co-owner for his pro rata share in the expenses to which section 18 refersĀ shall first be paid out of the sales price or by the acquirer in preferenceĀ over any other assessments or charges of whatever nature except the following:
(a) Assessments, liens, and charges for taxes past due and unpaid on the apartment;Ā and
(b) Payments due under mortgage instruments of encumbrance duly recorded.
L.1963, c. 168, s. 21.
Ā
Upon the sale or conveyance of an apartment, all unpaid assessments againstĀ a co-owner for his pro rata share in the expenses to which section 18 refersĀ shall first be paid out of the sales price or by the acquirer in preferenceĀ over any other assessments or charges of whatever nature except the following:
(a) Assessments, liens, and charges for taxes past due and unpaid on the apartment;Ā and
(b) Payments due under mortgage instruments of encumbrance duly recorded.
L.1963, c. 168, s. 21.
Ā