North Carolina § 47A-16 - Termination of unit ownership; consent of lienholders; recordation of instruments.
Full text of North Carolina North Carolina General Statutes § 47A-16 — Termination of unit ownership; consent of lienholders; recordation of instruments., with citation guidance and answers to common questions.
§ 47A-16. Termination of unit ownership; consent of lienholders; recordation of instruments.
All of the unit owners may remove a property from the provisions of this Article by an instrument to that effect, duly recorded, provided that the holders of all liens, affecting any of the units consent thereto or agree, in either case by instruments duly recorded, that their liens be transferred to the percentage of the undivided interest of the unit owner in the property as hereinafter provided. Upon removal of the property from the provisions of this Article, the property shall be deemed to be owned as tenants in common by the unit owners. The undivided interest in the property owned as tenants in common which shall appertain to each unit owner shall be the percentage of the undivided interest previously owned by such unit owner in the common areas and facilities. History (1963, c. 685, s. 16; 1983, c. 624, s. 2.) Legal Periodicals. - For comment, "Time Sharing: The North Carolina General Assembly's Response to Ownership of Time Share Contracts," see 15 N.C. Cent. L.J. 56 (1984).
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 47A-16
What does North Carolina General Statutes § 47A-16 cover?
Section 47A-16 ("Termination of unit ownership; consent of lienholders; recordation of instruments.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. 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 North Carolina § 47A-16?
A common citation format is "North Carolina General Statutes § 47A-16" (North Carolina). 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 North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 47A-16 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina 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 North Carolina.