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58-3125

Chapter 58.--PERSONAL AND REAL PROPERTY Part 6.--MISCELLANEOUS PROVISIONS Article 31.--APARTMENT OWNERSHIP ACT

58-3125. Insurance.The manager of the board of directors, if required by the declaration,bylaws or by a majority of the apartment owners, or at the request of amortgagee having a first mortgage of record covering an apartment, shallhave the authority to, and shall, obtain insurance for the property againstloss or damage by fire and such other hazards under such terms and for suchamounts as shall be required or requested. Such insurance coverage shall bewritten on the property in the name of such manager or of the board ofdirectors of the association of apartment owners, as trustee for each ofthe apartment owners in the percentages established in the declaration.Premiums shall be common expenses. Provision for such insurance shall bewithout prejudice to the right of each apartment owner to insure his or her ownapartment for his or her benefit.

History: L. 1963, ch. 329, § 25; July 1.

State Codes and Statutes

Statutes > Kansas > Chapter58 > Article31 > Statutes_22786

58-3125

Chapter 58.--PERSONAL AND REAL PROPERTY Part 6.--MISCELLANEOUS PROVISIONS Article 31.--APARTMENT OWNERSHIP ACT

58-3125. Insurance.The manager of the board of directors, if required by the declaration,bylaws or by a majority of the apartment owners, or at the request of amortgagee having a first mortgage of record covering an apartment, shallhave the authority to, and shall, obtain insurance for the property againstloss or damage by fire and such other hazards under such terms and for suchamounts as shall be required or requested. Such insurance coverage shall bewritten on the property in the name of such manager or of the board ofdirectors of the association of apartment owners, as trustee for each ofthe apartment owners in the percentages established in the declaration.Premiums shall be common expenses. Provision for such insurance shall bewithout prejudice to the right of each apartment owner to insure his or her ownapartment for his or her benefit.

History: L. 1963, ch. 329, § 25; July 1.

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Statutes > Kansas > Chapter58 > Article31 > Statutes_22786

58-3125

Chapter 58.--PERSONAL AND REAL PROPERTY Part 6.--MISCELLANEOUS PROVISIONS Article 31.--APARTMENT OWNERSHIP ACT

58-3125. Insurance.The manager of the board of directors, if required by the declaration,bylaws or by a majority of the apartment owners, or at the request of amortgagee having a first mortgage of record covering an apartment, shallhave the authority to, and shall, obtain insurance for the property againstloss or damage by fire and such other hazards under such terms and for suchamounts as shall be required or requested. Such insurance coverage shall bewritten on the property in the name of such manager or of the board ofdirectors of the association of apartment owners, as trustee for each ofthe apartment owners in the percentages established in the declaration.Premiums shall be common expenses. Provision for such insurance shall bewithout prejudice to the right of each apartment owner to insure his or her ownapartment for his or her benefit.

History: L. 1963, ch. 329, § 25; July 1.