Statute · California Business and Professions Code
Cal. Bus. & Prof. Code § 11254 — Time-Share Plan Requirements
Cal. Bus. & Prof. Code § 11254
- Type
- Statute
- Source
- California Business and Professions Code
- Jurisdiction
- California
- Date
- 2005-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) In a time-share plan in which the fee or a long-term leasehold interest in all or some of the accommodations and in appurtenant real and personal property is to be transferred to the association or to a corporate trustee under a trust agreement, the conveyance shall be made prior to the…
Citator
Cal. Bus. & Prof. Code § 11254 — Time-Share Plan Requirements is in force in the current edition of the Code, and nothing recorded condemns it.
(a) In a time-share plan in which the fee or a long-term leasehold interest in all or some of the accommodations and in appurtenant real and personal property is to be transferred to the association or to a corporate trustee under a trust agreement, the conveyance shall be made prior to the closing of the escrow for the first sale of a time-share interest in the accommodation.
(b) The developer may reserve easements in the real property conveyed for purposes reasonably related to the conduct of commercial activities in the time-share property, if the developer covenants to use the easements in a manner that will minimize any adverse impact on the use and enjoyment of the accommodation by any time-share interest owner occupying it.