Arizona Revised Statutes § 33-1254 Surplus Monies

33-1254. Surplus monies

Unless otherwise provided in the declaration, any surplus monies of the association remaining after payment of or provision for common expenses and any prepayment of reserves shall be paid to the unit owners in proportion to their common expense liabilities or credited to them to reduce their future common expense assessments.

Section: Previous  33-1248  33-1249  33-1250  33-1251  33-1252  33-1252.01  33-1253  33-1254  33-1255  33-1256  33-1257  33-1258  33-1259  33-1260  33-1260.01  Next

Last modified: October 13, 2016