Conn. Gen. Stat. § 47-256: Surplus funds.
Where this section sits in the code
- TITLE 47. LAND AND LAND TITLES
- CHAPTER 828*. COMMON INTEREST OWNERSHIP ACT
- PART III*. MANAGEMENT OF COMMON INTEREST COMMUNITIES
Unless otherwise provided in the declaration, any surplus funds of the association remaining after payment of or provision for common expenses and any prepayment of reserves shall be paid annually to the unit owners in proportion to their common expense liabilities or credited to them to reduce their future common expense assessments.
Collected 2026-09-06T19:07:16Z. Source file · JSON