P.R. Laws tit. 5, § 4614
2019-02-20 00:00:00+00
The total of the owners of the real property constituted as a member-owner cooperative housing regime may renounce said regime and request from the Registrar the regrouping or unification of the filial properties in the master deed, provided that these are free of liens, or if otherwise, that the persons in whose favor the property is registered give their consent to substitute the guarantee they have with the corresponding participation to those member-owners in the entire real property within the regime of community assets stated in §§ 1271 et seq. of Title 31. They shall also comply with any requirements established in this chapter or in the general rules.
History —Sept. 1, 2004, No. 239, § 35A.24.