Laws of New York (Last Updated: November 21, 2014)

Section 339-R. Blanket mortgages and other blanket liens affecting a unit at time of first conveyance

Latest version.

At the time of the first conveyance of each
  unit, every mortgage and other lien affecting such unit  and  any  other
  unit  shall  be paid and satisfied of record, or the unit being conveyed
  and its common interest shall be released therefrom by  partial  release
  duly recorded.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');