Conn. Gen. Stat. § 47-256

Current with legislation from 2024 effective through June 5, 2024.
Section 47-256 - 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 shall 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.

Conn. Gen. Stat. § 47-256

(P.A. 83-474, S. 57, 96; P.A. 09-225, S. 30.)

Amended by P.A. 09-0225, S. 30 of the the 2009 Regular Session, eff. 7/1/2010.