N.C. Gen. Stat. § 47F-3-114
Current through Session Law 2024-56
Unless otherwise provided in the declaration, any surplus funds of the association remaining after payment of or provision for common expenses, the funding of a reasonable operating expense surplus, and any prepayment of reserves shall be paid to the lot owners in proportion to their common expense liabilities or credited to them to reduce their future common expense assessments.
N.C. Gen. Stat. § 47F-3-114