Forrest v. Ville St. John Owners Ass'n, Inc.
Louisiana Court of Appeal
1Opinion of the Court
Count 3: Failure to Properly Spend Insurance Funds under the Louisiana Condominium Act
24
Under La. R.S. 9:1123.112(G), if the condominium is not repaired or replaced after a fire (when one of the three exclusive criteria of La. R.S. 9:1123.112(G) occur), a statutory formula directs how the insurance money must be spent.
27
The Association violated La. R.S. 9:1123.112(G)'s statutory formula to the extent it used more of the insurance funds on the common elements than the insurance company had attributed in its payment. In that case, it necessarily violated La. R.S. 9:1123.112(G)'s statutory…
2Cases cited35 opinions
- Louisiana Ins. Guar. Ass'n v. Interstate Fire & Casualty Co.Supreme Court of Louisiana · 1994
- Utica National Insurance Co. of Texas v. American Indemnity Co.Texas Supreme Court · 2004
- Supreme Services v. Sonny Greer, Inc.Supreme Court of Louisiana · 2007
- Doerr v. Mobil Oil Corp.Supreme Court of Louisiana · 2000
- Taurus Holdings v. US FidelitySupreme Court of Florida · 2005
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