Surplus funds
- Statute:
- Alabama §35-8A-314 · Chapter UCA (Alabama Uniform Condominium Act of 1991 (Ala. Code §§ 35-8A-101 to 35-8A-417))
- Topic:
- Assessments · Surplus
- Applies to:
- Condo associations
Unless the declaration provides otherwise, surplus funds remaining after common expenses and any prepayment of reserves must be paid to the unit owners in proportion to common-expense liability or credited against future assessments.
📄 Read the official text at alison.legislature.state.al.us →
How SoShiny helps with Surplus funds
SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees.
See the feature → Start freeFrequently asked
- What does Alabama §35-8A-314 require?
- Unless the declaration provides otherwise, surplus funds remaining after common expenses and any prepayment of reserves must be paid to the unit owners in proportion to common-expense liability or credited against future assessments.
- Who does Alabama §35-8A-314 apply to?
- Alabama §35-8A-314 applies to Condo associations in Alabama.
- What happens if our condo doesn't comply with §35-8A-314?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for Alabama community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of Alabama §35-8A-314?
- The official text is published by the Alabama Legislature at alison.legislature.state.al.us. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Surplus funds?
- SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees. Learn more →
Not legal advice. This page is a plain-English summary of Alabama §35-8A-314 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Alabama-licensed attorney. For the official statutory text, see the link above.
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