California Statutes

§ 11274. — 11274. (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. 4. ARTICLE 4. Management and Governance
(a)The association shall not be authorized to cause the absolute forfeiture of a time-share interest owner’s right, title, or interest in the time-share plan on account of the time-share interest owner’s failure to comply with provisions of the time-share instrument or the rules and regulations for the time-share plan except pursuant to either of the following:
(1)The judgment of a court or the decision of an arbitrator as provided in the time-share instrument.
(2)A foreclosure or sale under a power of sale for the failure of a time-share interest owner to pay assessments duly levied by the association.
(b)The time-share instrument may authorize the governing body of the association, or the managing entity acting on behalf of the governing body, to suspend a time-share interest owner’s

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California § 11274. (11274. (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.
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