Ala. Code § 35-8A-314
Current with legislation from 2024 effective through May 17, 2024.
Unless otherwise provided in the declaration or bylaws, 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, or held in reserve.
Ala. Code § 35-8A-314 (1975)