In New York State, a Condo Association, where the By-Laws state "In a casualty the building is responsible for the prompt repair, and prompt repair refers to within 60 days back to the original materials of a unit. Can the Board of Managers or the Management Company use Sworn Proof of Loss insurance proceeds from a Casualty Claim to a owners condo that is a unlivable unit for any expense other than forwarding to proceeds to the owner for the owner to make the repair. Is there a time limit on how long the BOM or the MC can withhold the insurance proceeds, when the bylaws state "prompt repair is 60 days?"
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