Unless otherwise provided in the condominium instruments, any surplus funds of the unit owners’ association that remain after payment of or provision for common expenses and any prepayment of reserves shall be paid to the unit owners in proportion to the unit owners’ liabilities for common expenses or credited to the unit owners to reduce the unit owners’ future common expense assessments.
D.C. Code § 42-1903.11
Rights to surplus funds
Mar. 29, 1977, D.C
Official source: D.C. Law Library (Council of the District of Columbia). Reproduced from public-domain District of Columbia statutes; confirm against the official source for the current text. Not legal advice.