CHAPTER 34-36.1
Condominium Law

ARTICLE 34-36.1-4.01
Protection of Condominium Purchasers

SECTION 34-36.1-4.05

   § 34-36.1-4.05  Public offering statement – Time shares. – If the declaration provides that ownership or occupancy of any units is or may be in time shares, the public offering statement shall disclose, in addition to the information required by § 34-41-4.03:

   (1) The number and identity of units in which time shares may be created;

   (2) The total number of time shares that may be created;

   (3) The minimum duration of any time shares that may be created; and

   (4) The extent to which the creation of time shares will or may affect the enforceability of the association's lien for assessments provided in § 34-36.1-3.16.

History of Section.
(P.L. 1982, ch. 329, § 2; P.L. 1984, ch. 141, § 3.)