Tennessee Code 66-27-117 – Building insurance
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 66-27-117
- apartment: includes the private element. See Tennessee Code 66-27-102
- Co-owner: means a person, firm, corporation, partnership, association, trust or other legal entity, or any combination thereof, which owns an apartment or apartments within the building. See Tennessee Code 66-27-102
The co-owners may, upon resolution of a majority, insure the building against risks, without prejudice to the right of each co-owner to insure such co-owner’s apartment on such co-owner’s own account and for co-owner’s own benefit.