§ 34-41-3.09 - Surplus funds. - Rhode Island Statutes

SECTION 34-41-3.09

   § 34-41-3.09  Surplus funds. – Unless otherwise provided in the time-share instrument, any surplus fundsderived from the time-share owners or from property belonging to them or theirassociation and held by a managing entity remaining after payment of orprovision for time-share expenses and any pre-payment of reserves must be paidto the time-share owners in proportion to their time-share expense liabilitiesor credited to them to reduce their future time-share expense assessments.