55-494 - Declarant's obligation to complete and restore.
§ 55-494. Declarant's obligation to complete and restore.
A. The declarant shall complete all improvements depicted on any site plan orother graphic representation included in the public offering statement or inany promotional material distributed by or for the declarant unless thatimprovement is labeled "NEED NOT BE BUILT."
B. The declarant is subject to liability for the prompt repair andrestoration, to a condition compatible with the remainder of the cooperative,of any portion of the cooperative affected by the exercise of rights reservedpursuant to or created by §§ 55-446, 55-447, 55-448, 55-449, 55-451 and55-452.
(1982, c. 277.)