Current as of January 01, 2018 | Updated by FindLaw Staff
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Unless otherwise provided in the time-share instrument, any surplus funds derived from the time-share owners or from property belonging to the time-share owners or their association and held by a managing entity, which are remaining after payment of or provision for time-share expenses and any prepayment of reserves, shall be paid to the time-share owners in proportion to their time-share liabilities, credited to the owners to reduce their future time-share liabilities or used for any other purpose as the association decides.
Cite this article: FindLaw.com - Wisconsin Statutes Property (Ch. 700 to 710) § 707.36. Disposition of surplus funds - last updated January 01, 2018 | https://codes.findlaw.com/wi/property-ch-700-to-710/wi-st-707-36.html
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