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New Mexico · Through 2026-07-01

47-7C-14: Surplus funds.

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Where this section sits in the code
  1. Chapter 47 - Property Law
  2. ARTICLE 7C Condominium Act - Management of 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 shall be paid to the unit owners in proportion to their common expense liabilities or credited to them to reduce their future common expense assessments.

Collected 2026-09-03T15:02:19Z. Source file · JSON

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