Partnertax.ai
Start free trial →

Delaware Code (Titles 8, 9, 25, 30)

25 Del. C. § 81-405

Time shares

Official textdelcode.delaware.gov

# (a)

If the declaration provides that ownership or occupancy of any units, is or may be in time shares, the public offering statement shall disclose, in addition to the information required by § 81-403 of this title:

# (1)

The number and identity of units in which time shares may be created;

# (2)

The total number of time shares that may be created;

# (3)

The minimum duration of any time shares that may be created; and

# (4)

The extent to which the creation of time shares will or may affect the enforceability of the association’s lien for assessments provided in § 81-316 of this title.

# (b)

Any common interest community that is in time shares shall also be governed by Chapter 28 of Title 6, to the extent applicable.

Amendment history

76 Del. Laws, c. 422, § 2; 77 Del. Laws, c. 91, §§ 67, 81

Source: view the official text

Report a problem

What's wrong?

Sent anonymously with this page's citation. No personal information is collected.
In this title (40 sections)
  1. 25-81-311 · Tort and contract liability; tolling of limitation period
  2. 25-81-312 · Conveyance or encumbrance of common elements
  3. 25-81-313 · Insurance
  4. 25-81-314 · Surplus funds
  5. 25-81-315 · Assessments for common expenses
  6. 25-81-316 · Lien for assessments
  7. 25-81-317 · Other liens
  8. 25-81-318 · Association records
  9. 25-81-319 · Association as trustee
  10. 25-81-320 · Rules
  11. 25-81-321 · Litigation involving declarant
  12. 25-81-322 · [Reserved.]
  13. 25-81-323 · Removal of members of executive board
  14. 25-81-324 · Adoption of budget
  15. 25-81-325 · Service on associations and executive board
  16. 25-81-326 · Delaware corporations
  17. 25-81-401 · Applicability; waiver
  18. 25-81-402 · Liability for public offering statement requirements
  19. 25-81-403 · Public offering statement; general provisions
  20. 25-81-404 · Common interest communities subject to development right
  21. 25-81-405 · Time shares
  22. 25-81-406 · Common interest communities containing conversion buildings
  23. 25-81-407 · Common interest community securities
  24. 25-81-408 · Purchaser’s right to cancel
  25. 25-81-409 · Resales of units
  26. 25-81-410 · Escrow of deposits
  27. 25-81-411 · Release of liens
  28. 25-81-412 · Conversion buildings
  29. 25-81-413 · Express warranties of quality
  30. 25-81-414 · Implied warranties of quality
  31. 25-81-415 · Exclusion or modification of implied warranties of quality
  32. 25-81-416 · Statute of limitations for warranties
  33. 25-81-417 · Effect of violations on rights of action; attorneys’ fees
  34. 25-81-418 · Labeling of promotional material
  35. 25-81-419 · Declarant’s obligation to complete and restore
  36. 25-81-420 · Substantial completion of units
  37. 25-81-421 · Amendment to public offering statement
  38. 25-101 · Transfer of title to real estate by deed
  39. 25-102 · Effect of deeds by married women
  40. 25-103 · Circumstances under which wife may bar her dower without…
Full table of contents →