Condominium Ownership Act

The below is not updated with new changes to the law after 2018!

57-8-60. Administration of funds

An association of unit owners:

(1) shall keep all of the association of unit owners' funds in an account in the name of the association of unit owners; and

(2) may not commingle the association of unit owners' funds with the funds of any other person.

Enacted 2018, ch. 395, eff. May 8, 2018.