Vt. Stat. Ann. tit. 27A, § 1-209
Small condominiums; exception; access to mixed funding sources
Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 1, 2021
Subsection 2-101(b), subdivisions 2-109(b)(2) and (11), subsection 2-109(g), section 2-115, and Article 4 of this title shall not apply to a condominium if the declaration:
Subsection 2-101(b), subdivisions 2-109(b)(2) and (11), subsection 2-109(g), section 2-115, and Article 4 of this title shall not apply to a condominium if the declaration:
(1) creates fewer than 10 units; and
(1) creates fewer than 10 units; and
(2) restricts ownership of a unit to entities that are controlled by, affiliated with, or managed by the declarant. Added 2005, No. 116 (Adj. Sess.), § 5, eff. April 26, 2006; amended 2011, No. 52, § 25, eff. May 27, 2011.
(2) restricts ownership of a unit to entities that are controlled by, affiliated with, or managed by the declarant.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.