Statute · California Business and Professions Code
Cal. Bus. & Prof. Code § 11252 — Time-Share Plan Requirements
Cal. Bus. & Prof. Code § 11252
- Type
- Statute
- Source
- California Business and Professions Code
- Jurisdiction
- California
- Date
- 2005-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
In a time-share plan offering time-share use interests, the developer shall not encumber the accommodations of the time-share plan in a manner that could materially and adversely affect the use rights of the purchasers of the accommodations without the written assent of not less than 51 percent…
Citator
Cal. Bus. & Prof. Code § 11252 — Time-Share Plan Requirements is in force in the current edition of the Code, and nothing recorded condemns it.
In a time-share plan offering time-share use interests, the developer shall not encumber the accommodations of the time-share plan in a manner that could materially and adversely affect the use rights of the purchasers of the accommodations without the written assent of not less than 51 percent of the time-share interest owners other than the developer. This section shall not prevent the developer from encumbering the purchaser’s use rights so long as the developer has sufficient protection as permitted by Section 11244.