Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“Unless the declaration says otherwise, surplus association funds after common expenses and reserve prepayments must be paid to unit owners or credited to reduce future common expense assessments.”
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02
How the instrument operates
- 01
Start with the recorded version
Enacted 1981 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.
- 02
Locate the controlling provision
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- 03
Read conditions and exceptions together
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- 04
Verify currency and official wording
Confirm later legislation, commencement notices and corrections with the official publisher before advice, filing or reliance.
03
Research entry points
Selected provisions across the instrument. Open any row to continue with the exact stored text.
Unless the declaration says otherwise, surplus association funds after common expenses and reserve prepayments must be paid to unit owners or credited to reduce future common expense assessments.
Section 1603-114
04
Source and current-law status
Source record view
Source record from legislature.maine.gov · Enacted 1981 · Source version 1 Oct 2025
The source record does not state a definitive current-law status. Check the official publisher and later amendments before relying on this text.