Official Code of Georgia Annotated

Title 44. PROPERTY · Chapter 3. REGULATION OF SPECIALIZED LAND TRANSACTIONS · Article 5. TIME-SHARE PROJECTS AND PROGRAMS · Part 2. Administration

44-3-168. Developer control period in time-share estate program.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(a)
The time-share instruments for a time-share estate program may provide for a developer control period.#
(b)
If the time-share instruments for a time-share estate program provide for the establishment of a developer control period, they shall include provisions for the following:#
1. (1)
  Termination of the developer control period by action of the association;#
2. (2)
  Termination of contracts for goods and services for the time-share program or for units in the time-share program entered into during the developer control period; and#
3. (3)
  A regular accounting by the developer to the association as to all matters that significantly affect the interests of owners in the time-share program including, but not limited to, the current status of payments under any security deed, contracts for improvements, or other encumbrances.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Code 1981, § 44-3-168, enacted by Ga. L. 1983, p. 1255, § 1; Ga. L. 1986, p. 10, § 44; Ga. L. 1995, p. 1260, § 1.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t44-ch1-7-(v31)-2010-pdf.pdf, Volume V31, 2010 edition, page 282; merge action: carried; file SHA-256 490191d3dc54.