Who does New Mexico §47-7A-3 apply to?

New Mexico §47-7A-3 applies to Condo associations in New Mexico.

What happens if our condo doesn't comply with §47-7A-3?

Non-compliance can expose the association and individual directors to disputes in the governing forum for New Mexico community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.

Where can I read the official text of New Mexico §47-7A-3?

The official text is published by the New Mexico Legislature at nmonesource.com. The summary on this page is for plain-English reference only and is not legal advice.

New Mexico §47-7A-3

Definitions

Statute:: New Mexico §47-7A-3 · Article CONDO (New Mexico Condominium Act (NMSA 47-7A-1 to 47-7D-20))
Topic:: Definitions · Glossary
Applies to:: Condo associations

Defines unit, common elements, limited common element, association, declarant, allocated interests, conversion building, development rights, time share, and the other words this Act uses. Real estate is not a condominium unless the undivided interests in the common elements are vested in the unit owners.

definitions; unit; common elements; declarant; association; allocated interests

📄 Read the official text at nmonesource.com →

How SoShiny helps with Definitions

SoShiny implements these statutory definitions across the platform — when a section refers to "unit owner," "member," "voting interest," or "official record," SoShiny uses the same definition in the data model.

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Frequently asked

What does New Mexico §47-7A-3 require?: Defines unit, common elements, limited common element, association, declarant, allocated interests, conversion building, development rights, time share, and the other words this Act uses. Real estate is not a condominium unless the undivided interests in the common elements are vested in the unit owners.
Who does New Mexico §47-7A-3 apply to?: New Mexico §47-7A-3 applies to Condo associations in New Mexico.
What happens if our condo doesn't comply with §47-7A-3?: Non-compliance can expose the association and individual directors to disputes in the governing forum for New Mexico community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
Where can I read the official text of New Mexico §47-7A-3?: The official text is published by the New Mexico Legislature at nmonesource.com. The summary on this page is for plain-English reference only and is not legal advice.
How does SoShiny help with Definitions?: SoShiny implements these statutory definitions across the platform — when a section refers to "unit owner," "member," "voting interest," or "official record," SoShiny uses the same definition in the data model. Learn more →

Not legal advice. This page is a plain-English summary of New Mexico §47-7A-3 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a New Mexico-licensed attorney. For the official statutory text, see the link above.

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