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

44-3-171. Sale of time-share intervals and programs organized prior to July 1, 1983.

Active

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

In the event that:
(1)
Time-share intervals in a time-share program have been sold in this state to a resident of this state prior to July 1, 1983;#
(2)
The time-share instruments and project instruments creating such program do not provide for or contain the provisions required by Code Sections 44-3-166 through 44-3-170; and#
(3)
The developer does not control a sufficient number of votes in the time-share program to amend the time-share instruments and project instruments to provide for the inclusion of the provisions required by Code Sections 44-3-166 through 44-3-170 without the vote of any other time-share interval owners,#
1. then the developer shall include in the public offering statement a listing of those provisions required by Code Sections 44-3-166 through 44-3-170 but not included in the instruments.

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.

History

Code 1981, § 44-3-171, enacted by Ga. L. 1983, p. 1255, § 1; Ga. L. 1985, p. 149, § 44; Ga. L. 1986, p. 10, § 44; Ga. L. 1989, p. 321, § 4; Ga. L. 1990, p. 227, § 19; Ga. L. 1995, p. 1260, § 1.

Cross references

Application of article to time-share programs created prior to or following effective date of law, § 44-3-205.

Read the official page (the state's PDF, opened at the page this text was read from).

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, pages 284 to 285; merge action: carried; file SHA-256 490191d3dc54.

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