Idaho Code
Idaho Code § 55-1502 (2026)
Purpose — Public policy.
✓ current as of May 2026
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Purpose — Public policy.
Whereas, the availability of more adequate financing for construction, land development and improvement, and business expansion is beneficial and advantageous to the development of the state of Idaho and in the public interest, and, whereas, the condominium estate is a concept of holding property, which concept should be clarified in the state of Idaho to permit and facilitate the construction and development of condominiums and condominium projects, together with the financing of the same;
Now, therefore, the condominium estate in property is hereby declared to be a lawful estate in property and consistent with the public policy of the state of Idaho.
Notes of Decisions
Cited in 2
cases, 1984–1988 · leading case: Fairway Dev. v. Bannock Cnty., 750 P.2d 954 (Idaho 1988).
Fairway Dev. v. Bannock Cnty., 750 P.2d 954 (Idaho 1988). “I.C. § 55-1502. Purpose — Public policy. — Whereas, the availability of more adequate financing for construction, land development and improvement, and business expansion is beneficial and advantageous to the development of the state of Idaho and in the public interest, and,…”
Investors Ltd. of Sun Valley v. Sun Mountain Condos., Phase I, Inc. Homeowners Ass'n, 683 P.2d 891 (Idaho Ct. App. 1984). “” I.C. § 55-1502. A condominium project is created once there has been substantial compliance in good faith with the provisions of I.”
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