General Laws of Massachusetts (Last Updated: January 16, 2020) |
PART II REAL AND PERSONAL PROPERTY AND DOMESTIC RELATIONS |
TITLE I. TITLE TO REAL PROPERTY |
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 |