Idaho Code
Chapter 15 - CONDOMINIUM PROPERTY ACT
Section 55-1520 - PERSONAL PROPERTY ACQUIRED, HELD AND DISPOSED OF BY MANAGEMENT BODY — BENEFICIAL INTEREST PROPORTIONATE — TRANSFER.

55-1520. PERSONAL PROPERTY ACQUIRED, HELD AND DISPOSED OF BY MANAGEMENT BODY — BENEFICIAL INTEREST PROPORTIONATE — TRANSFER. Unless otherwise provided for in a declaration recorded pursuant to section 55-1505, a management body may acquire and hold, for the benefit of the condominium owners, tangible and intangible personal property and may dispose of the same by sale or otherwise; the beneficial interest in such personal property shall be owned by the condominium owners in the same proportion as their respective interests in the common areas, and shall not be transferable by such owners except with a transfer of a condominium. A transfer of a condominium shall transfer to the transferee ownership of the transferor’s beneficial interest in such personal property.

History:
[55-1520, added 1965, ch. 225, sec. 20, p. 515.]

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Structure Idaho Code

Idaho Code

Title 55 - PROPERTY IN GENERAL

Chapter 15 - CONDOMINIUM PROPERTY ACT

Section 55-1501 - SHORT TITLE.

Section 55-1502 - PURPOSE — PUBLIC POLICY.

Section 55-1503 - DEFINITIONS.

Section 55-1504 - REQUIREMENTS TO QUALIFY.

Section 55-1505 - CONTENTS OF DECLARATION.

Section 55-1506 - ADMINISTRATION — BY-LAWS — ARTICLES OF INCORPORATION — RECORDATION REQUIRED TO MODIFY OR AMEND.

Section 55-1507 - CONTENTS OF BYLAWS.

Section 55-1508 - RECORDATION OF INSTRUMENTS AFFECTING PROJECT.

Section 55-1509 - GRANT — PHYSICAL BOUNDARIES OF UNITS — INCIDENTS EXCLUDED — COMMON AREAS — DECORATING RIGHTS OF OWNER.

Section 55-1510 - REMOVAL OF PROPERTY FROM LAW — COMMON OWNERSHIP — RESUBMISSION.

Section 55-1511 - PARTITION — SALE.

Section 55-1512 - ACTIONS RELATING TO COMMON AREAS — PERSONS DESIGNATED TO RECEIVE PROCESS — NEW DESIGNATION FILED — SERVICE ON AUDITOR — COPY FROM AUDITOR TO MANAGEMENT BODY — APPLICATION OF CORPORATE LAW.

Section 55-1513 - ACTIONS BY MANAGEMENT ON BEHALF OF TWO OR MORE OWNERS.

Section 55-1514 - SEPARATE TAXATION — LIEN — TAX DEED.

Section 55-1515 - OWNERS PROPORTIONATELY LIABLE FOR COMMON AREAS — REMAINING BALANCE NOT PREJUDICED BY SETTLEMENT — INDEMNIFICATION.

Section 55-1516 - LIABILITY OF UNIT OWNERS, TENANTS, EMPLOYEES — DUTIES AND POWERS OF OWNERS.

Section 55-1517 - INSURANCE OF INDIVIDUAL UNITS BY MANAGEMENT BODY.

Section 55-1518 - ASSESSMENT AND OTHER CHARGES A LIEN — NOTICE RECORDED — PAYMENT AND RELEASE — PRIORITY OF LIENS — EXPIRATION — EXTENSION — ENFORCEMENT BY SALE — PURCHASE BY MANAGEMENT BODY.

Section 55-1519 - LIENS FOR LABOR, SERVICES OR MATERIALS — EXPRESS CONSENT — EMERGENCY REPAIRS — PROPORTIONATE PAYMENT FOR REMOVAL OF LIEN.

Section 55-1520 - PERSONAL PROPERTY ACQUIRED, HELD AND DISPOSED OF BY MANAGEMENT BODY — BENEFICIAL INTEREST PROPORTIONATE — TRANSFER.

Section 55-1521 - LIBERAL CONSTRUCTION OF DEEDS, DECLARATIONS OR PLANS FOR CONDOMINIUM PROJECTS.

Section 55-1522 - RULE AGAINST PERPETUITIES AND UNREASONABLE RESTRAINTS ON ALIENATION INAPPLICABLE.

Section 55-1523 - REFUSAL TO APPROVE PROJECT OR RECORD PLAT FORBIDDEN.

Section 55-1524 - APPLICATION OF LOCAL ZONING ORDINANCES.

Section 55-1525 - “BLUE SKY LAW” INAPPLICABLE.

Section 55-1526 - LEGAL DESCRIPTION THAT DESIGNATED ON PLAT OR IN DECLARATION.

Section 55-1527 - ZONING LAWS APPLIED WHERE NOT INCONSISTENT.

Section 55-1528 - STATEMENT OF ACCOUNT — DISCLOSURE OF FEES.