§ 34-36.1-4.05 - Public offering statement – Time shares. - Rhode-island Statutes

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SECTION 34-36.1-4.05

§ 34-36.1-4.05 Public offering statement– Time shares. – If the declaration provides that ownership or occupancy of any units is or maybe in time shares, the public offering statement shall disclose, in addition tothe information required by § 34-41-4.03:

(1) The number and identity of units in which time shares maybe created;

(2) The total number of time shares that may be created;

(3) The minimum duration of any time shares that may becreated; and

(4) The extent to which the creation of time shares will ormay affect the enforceability of the association's lien for assessmentsprovided in § 34-36.1-3.16.

State Codes and Statutes

Statutes > Rhode-island > Title-34 > Chapter-34-36-1 > 34-36-1-4-05

SECTION 34-36.1-4.05

§ 34-36.1-4.05 Public offering statement– Time shares. – If the declaration provides that ownership or occupancy of any units is or maybe in time shares, the public offering statement shall disclose, in addition tothe information required by § 34-41-4.03:

(1) The number and identity of units in which time shares maybe created;

(2) The total number of time shares that may be created;

(3) The minimum duration of any time shares that may becreated; and

(4) The extent to which the creation of time shares will ormay affect the enforceability of the association's lien for assessmentsprovided in § 34-36.1-3.16.

State Codes and Statutes

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State Codes and Statutes

Statutes > Rhode-island > Title-34 > Chapter-34-36-1 > 34-36-1-4-05

SECTION 34-36.1-4.05

§ 34-36.1-4.05 Public offering statement– Time shares. – If the declaration provides that ownership or occupancy of any units is or maybe in time shares, the public offering statement shall disclose, in addition tothe information required by § 34-41-4.03:

(1) The number and identity of units in which time shares maybe created;

(2) The total number of time shares that may be created;

(3) The minimum duration of any time shares that may becreated; and

(4) The extent to which the creation of time shares will ormay affect the enforceability of the association's lien for assessmentsprovided in § 34-36.1-3.16.