Retroactive Effect of New Declaration on Property Purchased

With Proceeds of Former Homestead. If the proceeds arising from the sale of property selected as a homestead are used for the purpose of real property within the period of six

(6)months following such sale, the property purchased may be selected as a COL120106 CH. 43 HOMESTEADS homestead in the manner provided in this Chapter within the period of six

(6)months following such sale, and such selection, when the declaration has been filed for record, shall have the same effect as if it had been created at the time the prior declaration of homestead was filed for record.