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2019 Connecticut General Statutes
Title 47 - Land and Land Titles
Chapter 828 - Common Interest Ownership Act
Section 47-256 - Surplus funds.
Universal Citation: CT Gen Stat § 47-256 (2019)
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.
(P.A. 83-474, S. 57, 96; P.A. 09-225, S. 30.)
History: P.A. 09-225 inserted “annually” re payment of surplus funds, effective July 1, 2010.
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