Transfer of interest
Sec. 6. A transfer of an interest in a time share unit or camping
club membership shall be by written contract that includes or
incorporates by reference the following provisions:
(1) A legal description of the time share unit or camping site
that transfers an interest in real property.
(2) The name and location of the time share unit or camping
site.
(3) A system of identification of the time periods assigned to
time shares by letter, name, number, or any combination of
letters, names, or numbers.
(4) Provisions for assessment of the expenses of the time share
project or camping club project and an allocation of those
expenses among the time share participants or camping club
members.
(5) Provisions for maintenance of the time share units or
camping sites.
(6) Provisions for management of the time share project or
camping club project.
(7) A description of the rights of the time share participant or
camping club member relating to the occupancy of the time
share unit or camping site.
As added by P.L.2-2002, SEC.17.
Last modified: May 24, 2006