21 GCA § 47204: Developer Control.
Where this section sits in the code
- Title 21: Real Property
- Division 1 - Ownership of Real or Immovable Property
- Chapter 47: Time-Share Ownership
- ARTICLE 2: CREATION, TERMINATION AND MANAGEMENT
(a) The time-share instruments for a time-share estate program may provide for a period of time, hereafter referred to as developer control period, during which the developer or a managing agent selected by the developer may manage the time-share program and the units in the time-share program.
(b) If the time-share instruments for a time-share estate program provide for the establishment of a developer control period, they shall include provisions for:
(1) termination of the developer control period by action of the association;
(2) termination of contracts for goods and services for the time-share program or for units in the time-share program entered into during the developer control period; and
(3) a regular accounting by the developer to the association as to all matters that significantly affect the interests of owners in the time-share program.
Collected 2026-09-27T04:12:18Z. Source file · JSON