If the declaration provides that ownership or occupancy of a unit is or may be in time shares, the public offering statement must disclose, in addition to the information required by AS 34.08.530 ,
(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;
(4) the extent to which the creation of time shares will or may affect the enforceability of the lien of the association for assessments under AS 34.08.470 ;
(5) any restraint on the power of the purchaser of the time-share unit to transfer the interest in the time-share unit;
(6) whether the time-share unit is included in an exchange program, the present cost and a good faith estimate of the future cost to the purchaser from the exchange program; and
(7) whether the purchaser is required to become a member of the exchange program.
Section: Previous 34.08.510 34.08.520 34.08.530 34.08.540 34.08.550 34.08.560 34.08.570 34.08.580 34.08.590 34.08.600 34.08.610 34.08.620 34.08.630 34.08.640 34.08.650 NextLast modified: November 15, 2016