[§514B-22] Applicability to preexisting condominiums. Sections 514B-4, 514B-5, 514B-46, 514B-72, and part VI, and section 514B-3 to the extent definitions are necessary in construing any of those provisions, apply to all condominiums created in this State before July 1, 2006; but those sections apply only with respect to events and circumstances occurring after July 1, 2006 and do not invalidate existing provisions of the declaration, bylaws, condominium map, or other constituent documents of those condominiums.

For purposes of interpreting this chapter, the terms "condominium property regime" and "horizontal property regime" shall be deemed to correspond to the term "condominium"; the term "apartment" shall be deemed to correspond to the term "unit"; the term "apartment owner" shall be deemed to correspond to the term "unit owner"; and the term "association of apartment owners" shall be deemed to correspond to the term "association". [L 2004, c 164, pt of §2]

"July 1, 2006" substituted for "the effective date of this chapter".