§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. [PL 1965, c. 357 (NEW).]
SECTION HISTORY
PL 1965, c. 357 (NEW).
Structure Maine Revised Statutes
33 §566. Compliance with bylaws and rules and regulations
33 §567. Certain work prohibited
33 §568. Common profits and expenses
33 §569. Contents of declaration
33 §570. Contents of deeds of units
33 §572. Mortgage and liens affecting a unit at time of first conveyance
33 §574. Subsequent resubmission
33 §577. Books of receipts and expenditures; availability for examination
33 §578. Waiver of use of common elements; abandonment of unit
33 §580. Lien for common changes
33 §584. Repair and reconstruction