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    • Legislation USA
    • West Virginia Code
    • Chapter 36B. Uniform Common Interest Ownership Act
    • Article 3. Management of the Common Interest Community
    • §36B-3-114. Surplus Funds

    West Virginia Code
    Article 3. Management of the Common Interest Community
    §36B-3-114. 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 liabilities or credited to them to reduce their future common expense assessments.

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    Structure West Virginia Code

    West Virginia Code

    Chapter 36B. Uniform Common Interest Ownership Act

    Article 3. Management of the Common Interest Community

    §36B-3-101. Organization of Unit Owners' Association

    §36B-3-102. Powers of Unit Owners' Association

    §36B-3-103. Executive Board Members and Officers

    §36B-3-104. Transfer of Special Declarant Rights

    §36B-3-105. Termination of Contracts and Leases of Declarant

    §36B-3-106. Bylaws

    §36B-3-107. Upkeep of Common Interest Community

    §36B-3-108. Meetings

    §36B-3-109. Quorums

    §36B-3-110. Voting; Proxies

    §36B-3-111. Tort and Contract Liability

    §36B-3-112. Conveyance or Encumbrance of Common Elements

    §36B-3-113. Insurance

    §36B-3-114. Surplus Funds

    §36B-3-115. Assessments for Common Expenses

    §36B-3-116. Lien for Assessments

    §36B-3-117. Other Liens

    §36B-3-118. Association Records

    §36B-3-119. Association as Trustee

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