Section 448.4-105

Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY

Chapter 448

Effective - 28 Aug 1983   

  448.4-105.  Original sale certificate, time-shares. — If the declaration provides that ownership or occupancy of any units is or may be in time-shares, the original sale certificate shall disclose, in addition to the information required by section 448.4-103:

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

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

  (3)  The minimum duration of any time-shares which 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 section 448.3-116.

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(L. 1983 H.B. 177)