1291d

In case of the conveyance or encumbrance of an apartment already under construction, the shares to which § 1291c of this title refers shall be deemed acquired or encumbered, and the part already constructed of the apartment in question shall be deemed individually acquired or encumbered, the acquirer being also subrogated in the rights and to the extent of the conveyer, for all legal purposes. History —June 25, 1958, No. 104, p. 243, § 6, eff. 90 days after June 25, 1958.