§ 44-3-181. Transfer of Developer’s Entire Interest
The developer shall not sell, lease, assign, or otherwise transfer the entire interest of the developer, other than as a transfer of a time-share interval in the normal course of marketing, in the time-share program or the accommodations or facilities to a third party when such a sale, lease, assignment, or other transfer substantially affects […]
§ 44-3-197. Exceptions From Registration
Editor’s notes. Ga. L. 1995, p. 1260, § 1, renumbered former Code Section 44-3-197 as present Code Section 44-3-192.
§ 44-3-182. Financial and Other Records of Time-Share Project Association or Managing Agent
The person or entity responsible for making or collecting common expense assessments or maintenance assessments shall keep detailed financial records and shall keep said funds in a designated trust account. All financial and other records shall be made reasonably available for examination by any time-share interval owner in the program, by the time-share program’s association, […]
§ 44-3-167. Time-Share Estate Program Management and Operation
The time-share instruments for a time-share estate program shall prescribe reasonable arrangements for management and operation of the time-share program and for the maintenance, repair, and furnishing of units, which shall include the following: Creation of an association organization of time-share estate owners; Adoption of bylaws for organizing and operating the association organization; Payment of […]
§ 44-3-168. Developer Control Period in Time-Share Estate Program
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 […]
§ 44-3-169. Identification of Time-Share Project, Time-Share Units, and Time Periods
Project instruments and time-share instruments creating time-share uses shall contain the following: Identification by name of the time-share project and street address where the time-share project is situated; Identification of the time periods, type of units, and the units that are in the time-share program and the length of time that the units are committed […]
§ 44-3-170. Time-Share Use Program Management and Operation
The time-share instruments for a time-share use program shall prescribe reasonable arrangements for management and operation of the time-share program and for the maintenance, repair, and furnishing of units which shall include the following: Standards and procedures for upkeep, repairs, and interior furnishing of units; Adoption of standards and rules of conduct governing the use […]
§ 44-3-171. Sale of Time-Share Intervals and Programs Organized Prior to July 1, 1983
In the event that: 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; 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 The developer does […]
§ 44-3-172. Contents of Public Offering Statement
A public offering statement must be provided to each purchaser of a time-share interval. Prospective purchasers receiving a copy of the public offering statement shall sign a statement acknowledging receipt of the public offering statement and such receipt shall be kept at the principal office of the developer for three years from the date of […]
§ 44-3-173. Annual Reports Filed by Exchange Companies and Multilocation Developers
An exchange company whose exchange program is offered to purchasers in connection with the offer or disposition of time-share intervals in this state shall, on or before July 1 of each year, file with the secretary of the association for the time-share program in which the time-share intervals are offered or disposed, the information required […]