(765 ILCS 605/13) (from Ch. 30, par. 313)
Sec. 13.
Application
of insurance proceeds to reconstruction.
In case of fire or any other disaster the insurance proceeds, if
sufficient to reconstruct the building, shall be applied to such
reconstruction. Reconstruction of the building as used in this and
succeeding Section 14 of this Act, means restoring the building to
substantially the same condition in which it existed prior to the fire or
other disaster, with each unit and the common elements having the same
vertical and horizontal boundaries as before.
(Source: Laws 1963, p. 1120.)
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