Section 35-8A-314 Surplus Funds.
If the association has surplus funds after common expenses and reserve prepayments, it must distribute them to unit owners, credit them against future assessments, or keep them in reserve, unless the declaration or bylaws say otherwise.
- Jurisdiction
- United States — Alabama
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- Act or statute
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- Undated source snapshot
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- en
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common expenses surplus funds unit owners
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Section 35-8A-314 Surplus Funds.
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