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Current as of January 01, 2025 | Updated by FindLaw Staff
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.
Cite this article: FindLaw.com - Connecticut General Statutes Title 47. Land and Land Titles § 47-256. Surplus funds - last updated January 01, 2025 | https://codes.findlaw.com/ct/title-47-land-and-land-titles/ct-gen-st-sect-47-256/
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