There is a newer version
of
this Section
2017 Arkansas Code
Title 18 - Property
Subtitle 2 - Real Property
Chapter 14 - Arkansas Time-Share Act
Subchapter 3 - Creation, Termination, and Management
§ 18-14-304. Developer control period
Universal Citation: AR Code § 18-14-304 (2017)
- (a) The time-share instruments for a time-share estate plan may provide for a length of time, known as the "developer control period", during which the developer, or a managing agent selected by the developer, may manage the time-share plan and the accommodations in the time-share plan.
- (b) If the time-share instruments for a time-share estate plan provide for the establishment of a developer control period, the procedure shall ordinarily include:
- (1) Termination of the developer control period by action of the association or by operation of the time-share instruments;
- (2) Termination of contracts for goods and services for the time-share plan or for accommodations in the time-share plan during the developer control period; and
- (3) A regular accounting by the developer to the association concerning matters that significantly affect the interests of owners in the time-share plan.
Disclaimer: These codes may not be the most recent version. Arkansas 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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
