Section 60 – Administration of funds.

Effective 5/8/2018
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 by Chapter 395, 2018 General Session