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§ 44-3-206. Foreclosure by Owners’ Association; Procedure; Effect of Sale

An owners’ association may foreclose its lien upon a time-share estate in accordance with subsection (c) of Code Section 44-3-109 or may foreclose its lien under a power of sale that such owners’ association shall have under this Code section in order to sell a time-share estate for the purpose of paying any or all […]

§ 44-3-220. Short Title

This article shall be known and may be cited as the “Georgia Property Owners’ Association Act.” History. Code 1981, § 44-3-220 , enacted by Ga. L. 1994, p. 1879, § 1.

§ 44-3-221. Definitions

As used in this article, the term: “Board of directors” or “board” means an executive and administrative body, by whatever name denominated, designated in the instrument as the governing body of the association. “Common area” means all real and personal property submitted to the declaration which is owned or leased by the association for common […]

§ 44-3-189. Protection of Purchasers From Developer’s Underlying Blanket Encumbrance

The developer whose project is subject to an underlying blanket lien or encumbrance shall protect nondefaulting purchasers from foreclosure by the lienholder by obtaining from the lienholder a nondisturbance clause, subordination agreements, partial release of the lien as the time-share intervals are sold, or an agreement in writing that the lienholder will purchase nondefaulting purchasers’ […]

§ 44-3-192. Exceptions From Registration

Compliance with this article shall not be required in the case of: Any transfer of a time-share interval by any time-share interval owner other than the developer or such developer’s agent; Any disposition pursuant to court order; A disposition by a government or governmental agency; A disposition by foreclosure or deed in lieu of foreclosure; […]

§ 44-3-178. Exceptions to Public Offering Statement Requirement Under This Article

In lieu of the public offering statement required by this article, the developer may give prospective purchasers a public offering statement or similar disclosure document which meets the requirements of the Federal Securities and Exchange Act of 1933 or, if the time-share project is located in another state, a public offering statement or similar disclosure […]

§ 44-3-194. Records Required to Be Kept by Developer or Agents

Any developer or its agents shall keep among its business records and make reasonably available for examination to the purchaser or the time-share program’s association or its authorized agent the following: A copy of each item required by this article; A copy of the sales agreement from each sale of a time-share interval in the […]