There is a newer version of the Nebraska Revised Statutes
2015 Nebraska Revised Statutes
Chapter 76 - REAL PROPERTY
76-872 Surplus funds; distribution.
NE Code § 76-872 (2015) What's This?
76-872. Surplus funds; distribution.
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 must be paid to the unit owners in proportion to their common expense liabilities or credited to them to reduce their future common expense assessments.
Source
- Laws 1983, LB 433, ยง 48.
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