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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, in the discretion of the board of directors, either be paid 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 - Washington Revised Code Title 64. Real Property and Conveyances § 64.34.356. Surplus funds (Effective until January 1, 2028) - last updated January 01, 2025 | https://codes.findlaw.com/wa/title-64-real-property-and-conveyances/wa-rev-code-64-34-356/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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