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RSA 479-A:24 · Insurance
479-A:24 Insurance. – The manager or the board of directors if required by the declaration, bylaws or by a majority of the unit owners, or at the request of a mortgagee having a first mortgage of record covering a unit, shall have the authority to, and shall, obtain insurance for the property against loss or damage by fire and such other hazards under such terms and for such amounts as shall be required or requested. Such insurance coverage shall be written on the property in the name of such manager or of 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. Provision for such insurance shall be without prejudice to the right of each unit owner to insure his own unit for his benefit. Source. 1965, 155:1, eff. Aug. 14, 1965.
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Source. 1965, 155:1, eff. Aug. 14, 1965.
Source history
- 1965, 155:1, eff. Aug. 14, 1965
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2026 SB415
amend · effective 2027-11-01
; General Principles; Application. Amend RSA 356-B:2, III to read as follows: III. Notwithstanding the provisions of paragraph I, if any condominium instrument recorded under RSA 479-A prior to September 10, 1977, shall be amended after September 10, 1977, for the purpose of creating 10 or more additional units in any such condominium project, this subdivision, General Principles, and subdivision IV,