Indiana Statutes
§ 32-32-3-5 — Requirements of membership agreement
A time share project and camping club project must be created by a time share instrument or camping club membership agreement. The membership agreement must include the following provisions:
(1)A legal description of the time share project or camping club
project that transfers an interest in real property.
(2)The name and location of the time share project or camping
club project.
(3)A system of identification of the time periods assigned to time
shares by letter, name, number, or any combination of letters,
names, or numbers.
(4)Provisions for assessment of the expenses of the time share
project or camping club project and an allocation of those
expenses among the time share participants or camping club
members.
(5)A procedure to add units to the time share project or camping
club p
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Legislative History
As added by P.L.2-2002, SEC.17.
Nearby Sections
15
§ 32-16-1-1
"Prior property law"§ 32-16-1-2
Purpose of recodification§ 32-16-1-3
Statutory construction of recodification§ 32-16-1-4
Effect of recodification§ 32-16-1-5
Recodification of prior property law§ 32-16-1-6
References to repealed statutes§ 32-16-1-7
References to citations§ 32-16-1-8
References to prior rules§ 32-16-1-9
References to prior property law§ 32-17-1-1
"Grantor"§ 32-17-1-2
Fee simple conveyance§ 32-17-1-3
Estates tail; abolition§ 32-17-1-4
Lineal and collateral warranties; abolition§ 32-17-10-1
Application of chapter