1291c

In cases of the conveyance or encumbrance of an apartment that has been planned but not yet under construction, there shall be deemed to be acquired by the new owner or encumbered the share corresponding to the conveyor or in the proper case, to the debtor in the common elements of the property in project, and his right to have the apartment constructed, and the acquirer shall be understood to be subrogated in the rights and to the extent of the former, for all legal purposes. History —June 25, 1958, No. 104, p. 243, § 5; June 4, 1976, No. 157, p. 461, § 1.