Alaska Statutes.
Title 34. Property
Chapter 8. Common Interest Ownership
Section 450. Surplus Funds.
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AS 34.08.450. Surplus Funds.

Unless otherwise provided in the declaration, surplus funds of the association remaining after payment of or provision for common expenses and prepayment of reserves must be paid to the unit owners in proportion to common expense liabilities or credited to them to reduce future common expense assessments.

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