151Use of insurance money by association

#### 151 Use of insurance money by association 151 Use of insurance money by association > > (1) An association that receives money from an insurer for the destruction of or damage to a building on association property must immediately apply that money in rebuilding, replacing, repairing or restoring the building. > > > (2) This section does not apply to an association if the association determines, by unanimous resolution, that the money is not to be so applied. > > > (3) This section is subject to any order made under the [Community Land Development Act 2021](/view/html/inforce/current/act-2021-006).