- The time-share instruments for a time-share estate program may provide for a developer control period.
- 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:
- Termination of the developer control period by action of the association;
- 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
- 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.
History. 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.