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18-14-304. Developer control period.
Arkansas Code — all titles (historical 2020) · legal_authorities
18-14-304. Developer control period.
(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.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 18-14-304
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:18-14-304
Source file: gov.ar.code.title.18.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 7ebf00428dbadc2cb0eedd256635e5abc7becb7499e71ed51d0a095b7cb805f0
Source location: content.xml paragraph 2780
Stored source content
18-14-304. Developer control period.
(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.
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