S278 - Property/Family Law-Reimburse Property Expenditures. (SL 2022-12)

Overview: S.L. 2022-12 does the following:

• Clarifies the right of one spouse to reimbursement from the other spouse for expenditures made with respect to property during the time that the property is held as tenants by the entirety. (Section 1)
• Requires certain information to be included in a condominium declaration before it is recorded. (Section 2)
• Clarifies the applicability of certain provisions of the Condominium Act to condominiums created on or before October 1, 1986. (Section 3)
• Exempts provisions contained in a declaration of covenants applicable to condominiums, cooperatives, and most planned communities from being extinguished by operation of the Marketable Title Act. (Section 4)

The Marketable Title Act changes became effective July 1, 2022. The remainder of the act became effective June 29, 2022, and the content requirement for condominium declarations applies to declarations recorded on or after that date.