Create a new Assn from old with half of the units?

Is it possible to take a condo association that is under one set of by-laws and more or less break from it, and create a new one?

Situation is that we have a building that has two addresses "A" & "B" and separate entrances. One address at each end of the 16-unit building. Is it possible to create a new condo association for Address "A" with the unanimous consent of the eight unit owners who live at address A?

Would it require the consent of the unit owners at Address B?

Could Address B retain the old condo Association by-laws and just amend them to cover the eight units that are at Address B?

Since the common area is owned by the 16 unit owners, how would we split the common area? If the addresses are different for each part of the building, could we not get the exact information from the county?

How could a second association insure half of a building and common area?

Thanks.

Okay.... this is called innovative deep thinking ....Address A consisting of eight units doesn't want to have anything to do with Address B. It is comprised of rental units and unit owners. The rental units are owned by a unit owner who is trying to rent his own unit or sell it. He rents month-to-month and is very difficult.

Do you mean that unless the CC&R state that an association can be dissolved, it cannot?

If two individuals can own one half of a duplex with two addresses, and obtain insurance, why can't a building with 16 unit owners with two addresses?

Why would you want to reduce your annual income into half? Whether A or B wants nothing to do with one another they have to under your CCR's. This sounds like a can of worms not worth opening.