All of the apartment owners may remove a property from the provisions of this chapter by a recorded instrument to that effect if the mortgagees, trustees, and holders of all liens affecting any of the apartments consent or agree, in either case by a recorded instrument, that their mortgages, deeds of trust, and liens are […]
(a) Upon removal of the property from the provisions of this chapter, the property is owned in common by the apartment owners. (b) The undivided interest in the property owned in common that appertains to each apartment owner is the percentage of the undivided interest previously owned by the owners in the common areas and […]
The removal of property under AS 34.07.330 – 34.07.340 does not bar the subsequent resubmission of the property to the provisions of this chapter.
