Legislation
- Title
- Cooperative Housing Corporations - Property Insurance Deductibles - Member Responsibility
- Sponsored by
- Delegate Stewart
- Status
- In the House - Hearing 1/25 at 1:00 p.m.
- Analysis
- Fiscal and Policy Note
Synopsis
Requiring a member of a cooperative housing corporation to pay up to $10,000 of the corporation's property or liability insurance deductible if damage to a common element originated in the member's unit; requiring the governing body to inform each member in writing annually of the member's responsibility regarding the insurance deductible and the amount; and applying the Act prospectively.
Committees
Committee Testimony
Details
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Statutes
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(
5-6B-01, 5-6B-32, 5-6B-33 )
Last Updated: 7/8/2022 2:10 PM