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2011 Missouri Revised Statutes
TITLE XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY
Chapter 448 Condominium Property
Section 448.130. Insurance proceeds used for reconstruction--reconstruction defined.
Universal Citation:
MO Rev Stat § 448.130.
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Insurance proceeds used for reconstruction--reconstruction defined.
448.130. In case of fire or any other disaster the insurance proceeds, if sufficient to reconstruct the building, shall be applied to such reconstruction. "Reconstruction of the building", as used in this and section 448.140, means restoring the building to substantially the same condition in which it existed prior to the fire or other disaster, with each unit and the common elements having the same vertical and horizontal boundaries as before.
(L. 1963 p. 648 13)
Annotation Copyright Missouri Joint Committee on Legislative Research
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