N.M. Stat. Ann. § 47-7B-12
History: Laws 1982, ch. 27, § 24.
Compiler's notes. — This section is substantially similar to § 2-112 of the Uniform Condominium Act.
COMMISSIONERS' COMMENT
1. This section changes the effect of most current condominium statutes, under which the boundaries between units may not be altered without unanimous or nearly unanimous consent of the unit owners. As the section makes clear, this result may be varied by the restrictions in the declaration.
2. This section contemplates that, upon relocation of the unit boundaries, no reallocation of allocated interests will occur if none is specified in the application. If a reallocation is specified but the executive board deems it unreasonable, then the applicants have the choice of resubmitting the application with a reallocation more acceptable to the board, or going to court to challenge the board's finding as unreasonable.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Condominiums and Cooperative Apartments §§ 14, 15, 38, 41.
31 C.J.S. Estates § 153 et seq.