The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 27A V.S.A. § 3-114)
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§ 3-114. Surplus funds
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 shall 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. (Added 1997, No. 104 (Adj. Sess.), § 3, eff. Jan. 1, 1999; amended 2009, No. 155 (Adj. Sess.), § 33, eff. Jan. 1, 2012.)