2005 Minnesota Statutes - 515A.3-111 — Tort and contract liability.

     515A.3-111 Tort and contract liability.  


    (a) If a tort or breach of contract occurred during any 
 period of declarant control (section 515A.3-103), the declarant 
 shall indemnify the association for all liability incurred by 
 the association as a result of that tort or breach of contract, 
 including legal fees.  Any statute of limitation affecting the 
 association's right of action under this section is tolled until 
 the period of declarant control terminates.  


    (b) No unit owner shall have tort liability arising out of 
 ownership of the common elements provided that the association 
 has liability insurance coverage on the occurrence in an amount 
 not less than $1,000,000.  


    HIST: 1980 c 582 art 3 s 515.3-111; 1986 c 444