California Statutes
§ 11254. — 11254. (Added by Stats. 2004, Ch. 697, Sec. 14.)
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. 3. ARTICLE 3. Time-Share Plan Requirements
(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.
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California § 11254. (11254. (Added by Stats. 2004, Ch. 697, Sec. 14.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2004, Ch. 697, Sec. 14. Effective January 1, 2005. Section operative July 1, 2005, pursuant to Section 11288.