There is a newer version of the Alaska Statutes
2015 Alaska Statutes
Title 34 - PROPERTY
Chapter 34.08 - COMMON INTEREST OWNERSHIP
Article 03 - MANAGEMENT OF THE COMMON INTEREST COMMUNITY
Sec. 34.08.450 Surplus funds.
AK Stat § 34.08.450 (2015) What's This?
Unless otherwise provided in the declaration, surplus funds of the association remaining after payment of or provision for common expenses and prepayment of reserves must be paid to the unit owners in proportion to common expense liabilities or credited to them to reduce future common expense assessments.
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