Del. Code tit. 25 § 81-314

Current through 2024 Legislative Session Act Chapter 510

Section 81-314 - 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 annually to the unit owners in proportion to their common expense liabilities or credited to them to reduce their future common expense assessments.

25 Del. C. § 81-314

76 Del. Laws, c. 422, § 2; 77 Del. Laws, c. 91, § 82.;