557A.9  Creation of time-share uses.

Project instruments and time-share instruments creating time-share uses shall contain the following:

1.  Identification by name of the time-share project and street address or other description sufficient to identify the property where the time-share project is situated. The address shall be the street address if available.

2.  Identification of the time periods, type of units, and the units that are in the time-share program and the length of time that the units are committed to the time-share program.

3.  In case of a time-share project, identification of which units are in the time-share program and the method by which any units may be added, deleted, or substituted.

4.  Any other matters that the developer deems appropriate.

Section History: Recent form

  85 Acts, ch 155, §9


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