Delaware Code (Titles 8, 9, 25, 30)
25 Del. C. § 81-314
Surplus funds
Official textdelcode.delaware.gov
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 annually to the unit owners in proportion to their common expense liabilities or credited to them to reduce their future common expense assessments.
Amendment history
76 Del. Laws, c. 422, § 2; 77 Del. Laws, c. 91, § 82
Source: view the official text
In this title (40 sections)
- 25-81-220 · Master associations
- 25-81-221 · Merger or consolidation of common interest communities
- 25-81-222 · Addition of unspecified real estate
- 25-81-223 · Master planned communities
- 25-81-224 · Other exempt real estate arrangements
- 25-81-225 · Termination following catastrophe
- 25-81-301 · Organization of unit owners’ association
- 25-81-302 · Powers of unit owners’ association
- 25-81-303 · Executive board members and officers
- 25-81-304 · Transfer of special declarant rights
- 25-81-305 · Termination of contracts and leases of declarant
- 25-81-306 · Bylaws
- 25-81-307 · Upkeep of common interest community
- 25-81-308 · Unit owner meetings
- 25-81-308A · Executive board meeting
- 25-81-309 · Quorums
- 25-81-310 · Voting; proxies
- 25-81-311 · Tort and contract liability; tolling of limitation period
- 25-81-312 · Conveyance or encumbrance of common elements
- 25-81-313 · Insurance
- 25-81-314 · Surplus funds
- 25-81-315 · Assessments for common expenses
- 25-81-316 · Lien for assessments
- 25-81-317 · Other liens
- 25-81-318 · Association records
- 25-81-319 · Association as trustee
- 25-81-320 · Rules
- 25-81-321 · Litigation involving declarant
- 25-81-322 · [Reserved.]
- 25-81-323 · Removal of members of executive board
- 25-81-324 · Adoption of budget
- 25-81-325 · Service on associations and executive board
- 25-81-326 · Delaware corporations
- 25-81-401 · Applicability; waiver
- 25-81-402 · Liability for public offering statement requirements
- 25-81-403 · Public offering statement; general provisions
- 25-81-404 · Common interest communities subject to development right
- 25-81-405 · Time shares
- 25-81-406 · Common interest communities containing conversion buildings
- 25-81-407 · Common interest community securities