<section number="57-8-60"><effdate>5/8/2018</effdate><histories><history>Enacted by Chapter <modchap sess="2018GS">395</modchap>, 2018 General Session</history><modyear>2018</modyear></histories><catchline>Administration of funds.</catchline><tab/>An association of unit owners:<subsection number="57-8-60(1)">
shall keep all of the association of unit owners' funds in an account in the name of the association of unit owners; and</subsection><subsection number="57-8-60(2)">
may not commingle the association of unit owners' funds with the funds of any other person.</subsection></section>