46:8A-3.1 - Organization of two or more regimes as nonprofit corporation; application of act
46:8A-3.1.Ā Organization of two or more regimes as nonprofit corporation; application of act
Where the coowners of the apartments in two or more regimes, which togetherĀ constitute a single community, are organized into a single entity, such as, butĀ not limited to, a corporation formed under Title 15 of the Revised Statutes ofĀ the State of New Jersey, the provisions of this act shall apply to such anĀ entity with the same force and effect as they would if such an entity were inĀ fact a single regime.
L.1978, c. 124, s. 11, eff. Oct. 5, 1978.
Ā
Where the coowners of the apartments in two or more regimes, which togetherĀ constitute a single community, are organized into a single entity, such as, butĀ not limited to, a corporation formed under Title 15 of the Revised Statutes ofĀ the State of New Jersey, the provisions of this act shall apply to such anĀ entity with the same force and effect as they would if such an entity were inĀ fact a single regime.
L.1978, c. 124, s. 11, eff. Oct. 5, 1978.
Ā
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