{"data":{"id":"us-nc/n.c.-gen.-stat.-47c-4-105","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 47C-4-105","heading":"Same; time share.","body":"(a)\tIf the declaration provides that ownership or occupancy of any units are or may be owned in time shares, the public offering statement shall disclose, in addition to the information required by G.S. 47C-4-103:\n(1)\tThe number and identity of units in which time shares may be created;\n(2)\tThe total number of time shares that may be created;\n(3)\tThe minimum duration of any time shares which may be created; and\n(4)\tThe extent to which the creation of time shares will or may affect the enforceability of the association's lien for assessments provided in G.S. 47C-3-116.\n(b)\tThe provisions of subsection (a) apply to all purchasers of units in the condominium. In addition, the purchaser of time shares shall receive the information required by G.S. 93A-44. (1985 (Reg. Sess., 1986), c. 877, s. 1.)","path":["Chapter 47C. North Carolina Condominium Act.","Article 4. Protection of Purchasers."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_47C/GS_47C-4-105.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:03:32Z","sha256":"112510d76fdbc41962f9b81be77094ba072f0029a66b1de1efc72fd5e7dde6c4","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-47c-4-104","next":"us-nc/n.c.-gen.-stat.-47c-4-106"},"notice":"GroundRules: Original legal text. Not legal advice."}