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Maine · Through October 1, 2025

33 M.R.S. §1603-114: Surplus funds

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Where this section sits in the code
  1. TITLE 33: PROPERTY
  2. CHAPTER 31: MAINE CONDOMINIUM ACT
  3. ARTICLE 3: MANAGEMENT OF THE CONDOMINIUM

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 must be paid to the unit owners in proportion to their common expense liability or credited to them to reduce their future common expense assessments.

Collected 2026-09-04T15:12:39Z. Source file · JSON

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