Surplus Funds

2 CMC § 6313 — under Management of the Condominium.

2 CMC § 6313

TITLE 2: NATURAL RESOURCES

DIVISION 6: UNIFORM CONDOMINIUM ACT

§ 6313. 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 credited to the unit owners to reduce their future common expense assessments. Source: PL 3-86, § 3-113.