§ 34-36.1-3.14. Surplus funds.
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.
History of Section.P.L. 1982, ch. 329, § 2.
Structure Rhode Island General Laws
Chapter 34-36.1 - Condominium Law
Article III - Management of Condominium
Section 34-36.1-3.01. - Organization of unit owners’ association.
Section 34-36.1-3.02. - Powers of unit owners’ association.
Section 34-36.1-3.03. - Executive board members and officers.
Section 34-36.1-3.04. - Transfer of special declarant rights.
Section 34-36.1-3.05. - Termination of contracts and leases of declarant.
Section 34-36.1-3.06. - Bylaws.
Section 34-36.1-3.07. - Upkeep of condominium.
Section 34-36.1-3.08. - Meetings.
Section 34-36.1-3.09. - Quorums.
Section 34-36.1-3.10. - Voting — Proxies.
Section 34-36.1-3.11. - Tort and contract liability.
Section 34-36.1-3.12. - Conveyance or encumbrance of common elements.
Section 34-36.1-3.13. - Insurance.
Section 34-36.1-3.14. - Surplus funds.
Section 34-36.1-3.15. - Assessments for common expenses.
Section 34-36.1-3.16. - Lien for assessments.
Section 34-36.1-3.17. - Other liens affecting the condominium.
Section 34-36.1-3.18. - Association records.
Section 34-36.1-3.19. - Association as trustee.
Section 34-36.1-3.20. - Enforcement of declaration, by-laws and rules.