CHAPTER 183B. REAL ESTATE TIME-SHARES  


SECTION 1. Citation
SECTION 2. Definitions
SECTION 3. Estates in fee simple; estates for years; separate estates; taxes and assessments; recording documents
SECTION 4. Agreements varying chapter prohibited; waiver of rights
SECTION 5. Unconscionable contracts
SECTION 6. Good faith obligation
SECTION 7. Remedies; liberal administration; damages; judicial enforcement
SECTION 8. Laws supplementary to chapter
SECTION 9. Conflicts with other laws
SECTION 10. Implied repeals by subsequent legislation
SECTION 11. Project instruments; creation of time-shares; amendments
SECTION 12. Instruments for creation of more than twelve time-shares in single property; recording; contents
SECTION 13. Instruments; allocation of votes and expense liabilities; alteration
SECTION 14. Partition of units
SECTION 15. Termination agreements
SECTION 16. Sales or management offices; models; signs
SECTION 17. Instruments; approval of actions of owners, developer, or managing entity
SECTION 18. Deeds; notice of lease or license; recording; contents
SECTION 19. Managing entity
SECTION 20. Powers of association
SECTION 21. Powers and duties of developer
SECTION 22. Special developer right
SECTION 23. Contracts or leases between developer and managing entity; termination by association or owners
SECTION 24. Duties of managing entity; access to units; alteration of unit by owner
SECTION 25. Liability of owners; actions involving owners, developers, or associations; tolling of limitations; judgments against associations
SECTION 26. Insurance
SECTION 27. Surplus funds
SECTION 28. Expenses; assessments; late charges; interest; reserve funds
SECTION 29. Liens for assessments levied or fines imposed
SECTION 29A. Forfeiture of rights of time-share owner for breach of condition of any mortgage; proceedings
SECTION 29B. Forfeiture of rights of time-share owner for non-payment of assessments; proceedings
SECTION 30. Financial records
SECTION 31. Third persons dealing with trustee
SECTION 32. Definitions; list of addresses of owners; ballots; communication expenses; vote allocation; notice; recording amendments
SECTION 33. Amendment of project instruments or unrecorded documents; approval of expenditures; procedure
SECTION 34. Referendum to amend project instrument or other matters
SECTION 35. Discharge of manager
SECTION 36. Dispositions or offerings for which public offering statement or other materials not required
SECTION 37. Public offering statements; responsibility for preparation; liability for misleading statement; multi-location plans
SECTION 38. Public offering statements; furnishing to purchaser; contents
SECTION 39. Public offering statements; conversion buildings; contents
SECTION 39A. Conformity of units to regulations
SECTION 40. Public offering statements; time-share registered with securities exchange commission
SECTION 41. Providing prospective purchaser with public offering statement and resale disclosures; cancellation of contract; damages
SECTION 42. Copy of instrument and certificate; delivery to purchaser; limitation on expense liability
SECTION 42A. Resale service providers; disclosure obligations
SECTION 43. Deposits placed in escrow; holding instrument of payment
SECTION 44. Release of liens; surety bond; service of process for foreclosure of lien
SECTION 45. Express warranties
SECTION 46. Implied warranties of developer or person in business of selling real estate for own account
SECTION 47. Implied warranties of quality; exclusions or modifications
SECTION 48. Limitation of actions for breach of warranties
SECTION 49. Failure to comply with chapter
SECTION 50. Improvements not required to be built
SECTION 51. Completion of promised improvements; responsibility for recording deed or notice
SECTION 52. Advertisements including prize offer
SECTION 53. Exchange programs; information; promotional literature; liability
SECTION 54. Multi-location developers; information for purchasers; violations
SECTION 55. Project brokers
SECTION 56. Transfer of interest; time-share services agreements; transfer services; penalties; prohibitions