Connecticut § 47-256 - Surplus funds.
Full text of Connecticut Connecticut General Statutes § 47-256 — Surplus funds., with citation guidance and answers to common questions.
§ 47-256. Surplus funds.
Sec. 47-256. 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.
(P.A. 83-474, S. 57, 96; P.A. 09-225, S. 30.)
History: P.A. 09-225 inserted “annually” re payment of surplus funds, effective July 1, 2010.
Frequently Asked Questions About Connecticut § 47-256
What does Connecticut General Statutes § 47-256 cover?
Section 47-256 ("Surplus funds.") is part of the Connecticut General Statutes, the codified statutory law of Connecticut. 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 Connecticut § 47-256?
A common citation format is "Connecticut General Statutes § 47-256" (Connecticut). 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 Connecticut law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Connecticut official source linked on this page or consult a licensed Connecticut attorney.
How does Connecticut § 47-256 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Connecticut 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 Connecticut.