GroundRules
AS 34.08.450: Surplus funds.
Where this section sits in the code
- Title 34. Property.
- Chapter 08. Common Interest Ownership.
- Article 3. Management of the Common Interest Community.
Unless otherwise provided in the declaration, surplus funds of the association remaining after payment of or provision for common expenses and prepayment of reserves must be paid to the unit owners in proportion to common expense liabilities or credited to them to reduce future common expense assessments.
Collected 2026-09-02T06:18:42Z. Source file · JSON