Montana § 70-23-403 - Common Elements -- Undivided Interest Of Unit Owner
Full text of Montana Montana Code Annotated § 70-23-403 — Common Elements -- Undivided Interest Of Unit Owner, with citation guidance and answers to common questions.
§ 70-23-403. Common Elements -- Undivided Interest Of Unit Owner
Common elements -- undivided interest of unit owner. (1) Each unit owner shall be entitled to an undivided interest in the common elements in the percentage expressed in the declaration. Such percentage shall be in the approximate relation that the value of the unit at the date of the declaration bears to the then combined value of all the units having an interest in the particular common elements. Value need not conform to market value. (2) The percentage of undivided interest of each unit owner in the common elements as expressed in a declaration shall not be altered unless all unit owners having an interest in the particular common element agree thereto and record an amendment to the declaration setting forth the altered percentage of each unit owner having an interest.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 70-23-403
What does Montana Code Annotated § 70-23-403 cover?
Section 70-23-403 ("Common Elements -- Undivided Interest Of Unit Owner") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 70-23-403?
A common citation format is "Montana Code Annotated § 70-23-403" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 70-23-403 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.