New Mexico Statutes
§ 47-7C-14 — Surplus funds
New Mexico § 47-7C-14
This text of New Mexico § 47-7C-14 (Surplus funds) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.M. Stat. Ann. § 47-7C-14 (2026).
Text
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 to the unit owners in proportion to their common expense liabilities or credited to them to reduce their future common expense assessments.
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Legislative History
Laws 1982, ch. 27, § 47.
Nearby Sections
15
§ 47-1-1
"Real estate" defined§ 47-1-11
[Instruments by agent authorized.]§ 47-1-12
[Conveyance by decree or master.]§ 47-1-17
[Entailed estates.]§ 47-1-17.1
Repealed§ 47-1-20
[Remainder to unborn child.]Cite This Page — Counsel Stack
Bluebook (online)
New Mexico § 47-7C-14, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/47/47-7C-14.