Idaho § 55-1520
Full text of Idaho Idaho Statutes § 55-1520, with citation guidance and answers to common questions.
§ 55-1520.
Personal property acquired, held and disposed of by management body - Beneficial interest proportionate - Transfer. Unless otherwise provided for in a declaration recorded pursuant to section 55-1505 , a management body may acquire and hold, for the benefit of the condominium owners, tangible and intangible personal property and may dispose of the same by sale or otherwise; the beneficial interest in such personal property shall be owned by the condominium owners in the same proportion as their respective interests in the common areas, and shall not be transferable by such owners except with a transfer of a condominium. A transfer of a condominium shall transfer to the transferee ownership of the transferor’s beneficial interest in such personal property.
[55-1520, added 1965, ch. 225, sec. 20, p. 515.]
Frequently Asked Questions About Idaho § 55-1520
What does Idaho Statutes § 55-1520 cover?
Section 55-1520 is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 55-1520?
A common citation format is "Idaho Statutes § 55-1520" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 55-1520 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.