TITLE 34
Property

CHAPTER 34-41
Rhode Island Real Estate Time-Share Act

ARTICLE 34-41-3.01
Management of the Time-Share Property

SECTION 34-41-3.03


§ 34-41-3.03 Powers and duties in absence of managing entity.

The developer has the duties imposed on the managing entity by this chapter and the powers listed in § 34-41-3.02(a)(1) – (11) until a managing entity is provided or the developer and his or her affiliates own no estate or interest in the time-share property. Thereafter, if there is no managing entity and the number of time shares in the time-share property is twelve (12) or fewer, the time-share owners have those powers subject to any provisions of the time-share instrument relating to the manner of the exercise thereof and have the responsibilities and liabilities of an association for the purposes of §§ 34-41-3.06 and 34-41-3.07. To the extent that the time-share instrument is silent with respect to the manner of exercise of any of those powers, the time-share owners may exercise them only by unanimous action.

History of Section.
(P.L. 1984, ch. 141, § 2.)