California Business and Professions Code ARTICLE 4 - Management and Governance

• Section 11265.
  (a) For single site time-share plans and component sites of a specific time-share interest multisite time-share plan, the following requirements apply:(1) Except as provided in paragraph (2),...
• Section 11265.1.
  (a) Regular and special assessments levied pursuant to the time-share instrument are delinquent 30 days after they become due, unless the time-share instrument provides a longer...
• Section 11266.
  (a) An amendment of a provision of the declaration or other document establishing the time-share plan may not be adopted without the vote or written assent...
• Section 11267.
  (a) The time-share instruments shall require the employment of a managing entity for the time-share plan or component site pursuant to a written management agreement that...
• Section 11268.
  (a) Unless impracticable because of the number of members of the association, their places of residence in relation to each other, the international nature of the...
• Section 11269.
  (a) A member of an association including associations that provide for unequal assessments against members, shall be entitled to one vote for each time-share interest owned.(b) An...
• Section 11270.
  (a) The governing body shall consist of three directors for an association that does not contemplate more than 100 members and either five or seven directors...
• Section 11271.
  (a) Regular meetings of the governing body of the association shall be held as prescribed in the bylaws, but not less frequently than annually.(b) (1) Regular and special...
• Section 11272.
  (a) The following information concerning the time-share plan shall be made available to all time-share interest owners in the time-share plan:(1) A proposed budget for each fiscal...
• Section 11273.
  (a) The books of account, minutes of members and governing body meetings, and all other records of the time-share plan maintained by the association or the...
• Section 11274.
  (a) The association shall not be authorized to cause the absolute forfeiture of a time-share interest owner’s right, title, or interest in the time-share plan on...
• Section 11275.
  (a) Any contractual provision or other provision in the time-share instruments implemented after July 1, 2005, setting forth terms, conditions, and procedures for resolution of a...

Last modified: October 22, 2018