57-8-25. Joint and several liability of grantor and grantee for unpaid common
expenses.
In a voluntary conveyance, the grantee of a unit shall be jointly and severally liable with
the grantor for all unpaid assessments against the latter for his share of the common expenses up
to the time of the grant or conveyance, without prejudice to the grantee's rights to recover from
the grantor the amounts paid by the grantee. However, any such grantee shall be entitled to a
statement from the manager or management committee setting forth the amounts of the unpaid
assessments against the grantor, and such grantee shall not be liable for, nor shall the unit
conveyed be subject to a lien for, any unpaid assessments against the grantor in excess of the
amount set forth.
Enacted by Chapter 111, 1963 General Session
Download Code Section Zipped WordPerfect 57_08_002500.ZIP 1,829 Bytes
Sections in this Chapter|Chapters in this Title|All Titles|Legislative Home Page
Last revised: Thursday, May 28, 2009