{"data":{"id":"us-ri/r.i.-gen.-laws-34-41-3.01","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 34-41-3.01","heading":"Managing entity.","body":"(a) If the number of time shares in a time-share property is more than twelve (12), the developer, before the first transfer of a time-share, must create or provide a managing entity to manage the time-share property. The managing entity may be (i) a manager, who may be the developer, or, (ii) an association, which must be a profit or non-profit corporation or an unincorporated association, the membership of which must at all times consist exclusively of all the time-share owners. If the time-share property is part of a project containing time-share units and other units, the manager may be the entity that governs the project. If the number of time shares in the time-share property is twelve (12) or fewer and there is no managing entity, the time-share owners may form an association meeting the requirements specified above.\n(b) In the absence of a managing entity required by this section, a court upon application of a party in interest, including a time-share owner or a lienholder, may appoint and prescribe the powers of a managing entity.","path":["Title 34 Property","Chapter 41 Rhode Island Real Estate Time-Share Act","Article III Management of the Time-Share Property"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE34/34-41/34-III/34-41-3.01.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:58:53Z","sha256":"ed3272c4cc73881e6c7e12f24085d30fd4a273a5b3bfaf923df0779e0f054c2e","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-34-41-2.08","next":"us-ri/r.i.-gen.-laws-34-41-3.02"},"notice":"GroundRules: Original legal text. Not legal advice."}