2014 Rhode Island General Laws
Title 34 - Property
Chapter 34-41 - Rhode Island Real Estate Time-Share Act
Section 34-41-3.09 - Surplus funds.
§ 34-41-3.09 Surplus funds. – Unless otherwise provided in the time-share instrument, any surplus funds derived from the time-share owners or from property belonging to them or their association and held by a managing entity remaining after payment of or provision for time-share expenses and any pre-payment of reserves must be paid to the time-share owners in proportion to their time-share expense liabilities or credited to them to reduce their future time-share expense assessments.
History of Section.
(P.L. 1984, ch. 141, § 2.)
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