HARRY HUGHES, Governor
1461
Phone number
I hereby affirm under penalties of perjury that the
information contained in the foregoing statement of
condominium lien is true and correct to the best of my
knowledge, information and belief.
Officer (or agent)
(H) THE BOARD OF DIRECTORS SHALL FURNISH TO A UNIT
OWNER UPON WRITTEN REQUEST A RECORDABLE STATEMENT SETTING
FORTH THE AMOUNT OF UNPAID ASSESSMENTS CURRENTLY LEVIED
AGAINST HIS UNIT. THE STATEMENT SHALL BE FURNISHED WITHIN
15 BUSINESS DAYS AFTER RECEIPT OF THE REQUEST AND IS BINDING
ON THE COUNCIL OF UNIT OWNERS, THE BOARD OF DIRECTORS, AND
EVERY UNIT OWNER.
[11-111.
(a) The declaration or bylaws may provide for the
repair or reconstruction of a condominium in the event of
damage to all or part of the condominium, for insurance
coverage on the condominium by the council of unit owners
and by the individual unit owners, and for the allocation of
available insurance proceeds to repair or reconstruct.
(b) Unless otherwise provided in the declaration or
bylaws, in the event of damage to or destruction of a
condominium, the council of unit owners promptly shall
undertake to repair or reconstruct it, and all cost of the
repair or reconstruction in excess of available insurance
proceeds shall be a common expense.
(c) If the condominium is damaged to the extent of two
thirds of its then replacement cost, the condominium shall
be subject to an action for partition at the suit of any
unit owner as if owned in common. If the condominium is
partitioned, the net proceeds of sale together with any net
proceeds of insurance shall be considered as one fund and
shall be divided among all unit owners in proportion to
their percentage interests in the common elements, and shall
be distributed in accordance with the priority of interests
in each unit. An action for partition permitted by this
subsection may not be brought after the expiration of one
year from the date of the damage. A partition permitted by
this subsection terminates the condominium regime.]
11-111.
(A) UNLESS THE DECLARATION OR BYLAWS STATE OTHERWISE,
THE PROCEDURES PROVIDED BY THIS SECTION ARE EFFECTIVE FOR
ALL RULES AND REGULATIONS ADOPTED AFTER JANUARY 1, 1982.
(B) RULES AND REGULATIONS MAY BE ADOPTED FREELY BY THE
BOARD OF DIRECTORS, AND WITHOUT THE REQUIREMENT OF A 75
PERCENT OR GREATER VOTE OF THE COUNCIL OF UNIT OWNERS AS A
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