57-8-30 - Application of insurance proceeds to reconstruction. - Utah Statutes

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57-8-30. Application of insurance proceeds to reconstruction.
In case of fire or any other disaster, the insurance proceeds, if sufficient to reconstruct thebuilding, shall be applied to such reconstruction. Reconstruction of the building, as used in thissection and Section 57-8-31, means restoring the building to substantially the same condition inwhich it existed prior to the fire or other disaster, with each unit and the common elements havingthe same vertical and horizontal boundaries as before.

Enacted by Chapter 111, 1963 General Session

State Codes and Statutes

Statutes > Utah > Title-57 > Chapter-08 > 57-8-30

57-8-30. Application of insurance proceeds to reconstruction.
In case of fire or any other disaster, the insurance proceeds, if sufficient to reconstruct thebuilding, shall be applied to such reconstruction. Reconstruction of the building, as used in thissection and Section 57-8-31, means restoring the building to substantially the same condition inwhich it existed prior to the fire or other disaster, with each unit and the common elements havingthe same vertical and horizontal boundaries as before.

Enacted by Chapter 111, 1963 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-57 > Chapter-08 > 57-8-30

57-8-30. Application of insurance proceeds to reconstruction.
In case of fire or any other disaster, the insurance proceeds, if sufficient to reconstruct thebuilding, shall be applied to such reconstruction. Reconstruction of the building, as used in thissection and Section 57-8-31, means restoring the building to substantially the same condition inwhich it existed prior to the fire or other disaster, with each unit and the common elements havingthe same vertical and horizontal boundaries as before.

Enacted by Chapter 111, 1963 General Session