{"data":{"id":"us-ok/okla.-stat.-tit.-60-60-527","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 60, § 60-527","heading":"Damage or destruction of building - Repair or restoration-","body":"Deficiency assessments - Distribution of funds.\n\nExcept as hereinafter provided, damage to or destruction of the\n\nbuilding shall be promptly repaired and restored by the manager or\n\nboard of managers, using the proceeds of insurance, if any, on the\n\nbuilding for that purpose, and the unit owners shall be liable for\n\nassessment for any deficiency except in the case of an unconstructed\n\nbuilding which may be insured under a master policy of insurance as\n\ndescribed in Section 526 of this title, in which event the declarant\n\nshall be liable for any deficiency relating to such unconstructed\n\nbuilding. If there is substantially total destruction of the\n\nproperty, or if seventy-five percent (75%) of the unit owners\n\ncomputed on the basis set forth in Section 503 of this title duly\n\nresolve not to proceed with repair or restoration, then and in that\n\nevent the property or so much thereof as shall remain, shall be\n\nsubject to partition at the suit of any unit owner, in which event\n\nthe net proceeds of sale, together with the net proceeds of\n\ninsurance policies, if any, shall be considered as one fund except\n\nfor the declarant in respect to uncompleted units on which declarant\n\nis not making the pro rata contribution described in subsection (a)\n\nof Section 512 of this title, said fund shall be divided among all\n\nthe unit owners in proportion to their respective undivided\n\nownership of the common elements, after first paying off, out of the\n\nrespective shares of unit owners, to the extent sufficient for that\n\npurpose, all liens on the unit of each unit owner. With respect to\n\nuncompleted units or uncompleted buildings for which the declarant\n\nis not making pro rata contributions pursuant to subsection (b) of\n\nSection 512 of this title, the declarant shall not receive its\n\nportion of said fund according to its respective undivided ownership\n\nin the common elements but shall receive net proceeds of sale\n\naccording to the formula described in paragraph (j) of Section 514\n\nof this title and such proceeds of insurance, if any, attributable\n\nto said uncompleted buildings and/or uncompleted units under a\n\nmaster policy of insurance as permitted in Section 526 of this\n\ntitle. The manager, or board of managers, as the case may be, and\n\ntheir agents and employees shall have an easement to enter units to\n\nmake repairs to common elements or when the repairs reasonably\n\nappear to be necessary for public safety or to prevent damage to\n\nproperty other than the unit.","path":["OK Code","Title 60"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os60.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"9c7879953648c274530faf486db40f4ceddfabe8b7f5ca92dd8e4bf0f43d5beb","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-60-60-526","next":"us-ok/okla.-stat.-tit.-60-60-528"},"notice":"GroundRules: Original legal text. Not legal advice."}