Maine Statutes
§ 33 §583 — Insurance
The manager or board of directors shall, to the extent required by the declaration, bylaws or direction of a majority of the unit owners, insure the building against loss or damage by fire and other hazards, without prejudice to the right of each unit owner to insure his own unit for his own benefit. Such insurance coverage shall be written on the property in the name of such manager or the board of directors of the association of unit owners, as trustee for each of the unit owners in the percentages established in the declaration. Premiums shall be common expenses.
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Maine § 33 §583 (Insurance) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
PL 1965, c. 357 (NEW).
Nearby Sections
15
§ 33 §501
Forms§ 33 §501-A
"Power of sale"§ 33 §502
Entry by mortgagee§ 33 §503
Property insurance§ 33 §505
Open-end mortgages§ 33 §506
Undocumented mortgage agreements§ 33 §508
Nominee mortgagees§ 33 §521
Short title§ 33 §522
Definitions§ 33 §523
Applicability