Alabama § 35-8A-314 - Surplus Funds.
Full text of Alabama Code of Alabama § 35-8A-314 — Surplus Funds., with citation guidance and answers to common questions.
§ 35-8A-314. Surplus Funds.
Unless otherwise provided in the declaration or bylaws, any surplus funds of the association remaining after payment of or provision for common expenses and any prepayment of reserves must be paid to the unit owners in proportion to their common expense liabilities or credited to them to reduce their future common expense assessments, or held in reserve.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 35-8A-314
What does Code of Alabama § 35-8A-314 cover?
Section 35-8A-314 ("Surplus Funds.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 35-8A-314?
A common citation format is "Code of Alabama § 35-8A-314" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 35-8A-314 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.