Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 33. Property |
Chapter 9. CONDOMINIUMS |
Article 3. Management of the Condominium |
Sec 33-1254. Surplus monies
Latest version.
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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.