47-04.1-10. Withdrawal of property from project - Recording - Subsequent project

47-04.1-10. Withdrawal of property from project - Recording - Subsequent project Any property so constituted as a condominium project may be removed therefrom at any time, provided the sole owner or all of the owners execute, acknowledge, and record a declaration evidencing such withdrawal. If at such time there are any encumbrances or liens against any of the units, such declaration will be effective only when the creditors holding such encumbrances or liens also execute and acknowledge such declaration, or their encumbrances or liens are satisfied, or expire by operation of law. No withdrawal of any property from a condominium project shall be a bar to any subsequent commitment to a condominium project.