State Codes and Statutes
Statutes > Connecticut > Title42 > Chap734b > Sec42-103xSec. 42-103x. Definitions. As used in sections 42-103w to 42-103aa, inclusive:
(1) "Accommodations" means any apartment, condominium or cooperative unit, cabin, lodge, hotel or motel room, or any other structure which is situated on real property and designed for occupancy by one or more individuals.
(2) "Advertising" means the use of the media, mail or personal contact to offer any person the opportunity to contract for the use of time-sharing plan accommodations or facilities.
(3) "Assessments" means the share of funds required for the payment of common expenses which are assessed from time to time against each purchaser by the managing entity.
(4) "Business day" means any calendar day, except Sundays or holidays.
(5) "Common expenses" means those expenses properly incurred for the maintenance, operation and repair of all accommodations or facilities subject to sections 42-103w to 42-103aa, inclusive.
(6) "Contract" means any agreement conferring the rights and obligations of a time-sharing plan on a purchaser.
(7) "Developer" means the person creating a time-sharing plan.
(8) "Facilities" means any structure, service, improvement, or real property whether improved or unimproved, which is made available to the purchasers of a time-sharing plan.
(9) "Offer to sell", "offer for sale", "offered for sale", or "offer" refers to solicitation of purchasers, the taking of reservations, or any other method whereby a purchaser is offered the opportunity to participate in a time-sharing plan.
(10) "Purchaser" means any person who is buying or who has bought a time- share period in a time-sharing plan.
(11) "Seller" means any developer, or any other person, or agent or employee thereof, who offers time-share periods for sale to the public in the ordinary course of business, except persons who have acquired a time-share period for their own occupancy and later offer it for resale.
(12) "Time-share period" means that period of time during which a purchaser of a time-sharing plan is entitled to the possession and use of the accommodations or facilities, or both, of a time-sharing plan.
(13) "Time-share unit" means an accommodation or facility of a time-sharing plan which is divided into time-share periods.
(14) "Time-sharing plan" means any arrangement, plan, scheme, or similar device, whereby a purchaser, in exchange for consideration, receives a right to use accommodations or facilities, or both, for a period of more than three years and such use is to occur during specific periods of time which are less than one year during any given year within the term of such arrangement, plan, scheme or device.
(P.A. 82-232, S. 2.)
