§ 11226.1. — 11226.1. (Added by Stats. 2006, Ch. 429, Sec. 3.)

California § 11226.1.

• Jurisdiction: California
• Code BPC: Business and Professions Code - BPC
• Div. 4.: DIVISION 4. REAL ESTATE
• Part 2.: PART 2. REGULATION OF TRANSACTIONS
• Ch. 2.: CHAPTER 2. The Vacation Ownership and Time-Share Act of 2004
• Art. 2.: ARTICLE 2. Registration, Sale Requirements, and Fees

Text

Any person offering to sell or lease any interest subject to the requirements of Section 11226 shall make a copy of each of the following documents available for examination by a prospective purchaser or lessee before the execution of an offer to purchase or lease and shall give a copy of those documents to each purchaser or lessee as soon as practicable before transfer of the interest being acquired by the purchaser or lessee:
(a)
The declaration of covenants, conditions,
and restrictions for the time-share plan.
(b)
Articles of incorporation or association for the time-share owners’ association.
(c)
Bylaws of the owners’ association.
(d)
Any other instrument that establishes or defines the common, mutual, and reciprocal rights and responsibilities of the owners or lessees of interest in the time-share plan as members of the owners’ association or otherwise.
(e)
The current budget and financial statements for the time-share plan.

Legislative History

Added by Stats. 2006, Ch. 429, Sec. 3. Effective September 22, 2006. Operative January 1, 2007, by Sec. 12 of Ch. 429.