Title 44, Chapter 3, Section 108
( 44-3-108)
The common profits shall be applied to the payment of common
expenses, and the rights in any surplus remaining after such payment
shall pertain to the condominium units in proportion to the
liability for common expenses pertaining to each such unit. The
surplus shall be accordingly distributed to or credited to the next
assessments chargeable to the unit owners except to such extent as
the condominium instruments may require or permit the same to be
added to reserves maintained pursuant to those instruments. |