Massachusetts Statutes
§ 27 — Surplus funds
Massachusetts § 27
JurisdictionMassachusetts
Part IIREAL AND PERSONAL PROPERTY AND DOMESTIC RELATIONS
Title ITITLE TO REAL PROPERTY
Ch. 183BREAL ESTATE TIME–SHARES
This text of Massachusetts § 27 (Surplus funds) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Mass. Gen. Laws ch. 183B, § 27 (2026).
Text
Section 27. Unless otherwise provided in the time-share instrument, the by-laws, rules or regulations of the time-share association or otherwise determined by the time-share owners at a meeting of time-share owners or pursuant to either section thirty-three or thirty-four, any surplus funds derived from the time-share owners or from property belonging to said time-share owners or their association and held by a managing entity remaining after payment of or provision for time-share expenses and any required reserves shall be paid to the time-share owners in proportion to their time-share expense liabilities or credited to them to reduce their future time-share expense assessments.
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Bluebook (online)
Massachusetts § 27, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/183B/27.