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Mo. Rev. Stat. § 448.130

Insurance proceeds used for reconstruction — reconstruction defined

Missouri · Revised Statutes of Missouri Chapter 448 — Condominium Property · Status: effective · Effective 1963-08-28

Banking, Finance & Insurance
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Mo. Rev. Stat. § 448.130, Insurance proceeds used for reconstruction — reconstruction defined, Missouri, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1817299
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In case of fire or any other disaster the insurance proceeds, if sufficient to reconstruct the building, shall be applied to such reconstruction. "Reconstruction of the building", as used in this and section 448.140, means restoring the building to substantially the same condition in which it existed prior to the fire or other disaster, with each unit and the common elements having the same vertical and horizontal boundaries as before.