2014 Code of Alabama
Title 35 - PROPERTY.
Chapter 8A - ALABAMA UNIFORM CONDOMINIUM ACT.
Section 35-8A-405 - Offering statement - Time shares.
If the declaration provides that ownership or occupancy of any units is or may be in time shares, the offering statement shall disclose, in addition to the information required by section 35-8A-403:
(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 section 35-8A-316.
(Acts 1990, No. 90-551, p. 858, §4-105.)Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
