Nebraska § 76-1709 Time-share estate program; instruments; developer-control period

Nebraska Statutes

§ 76-1709 — Time-share estate program; instruments; developer-control period

Nebraska § 76-1709

Ch. 76Real Property

This text of Nebraska § 76-1709 (Time-share estate program; instruments; developer-control period) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 76-1709 (2026).

Text

(1)The time-share instruments for a time-share estate program may provide for a period of time, known as the developer-control period, during which the developer or a managing agent selected by the developer shall manage the time-share program and the units in the time-share program.

(2)If the time-share instruments for a time-share estate program provide for the establishment of a developer-control period, they shall include, but not be limited to, provisions for the following:

(a)Termination of the developer-control period by action of the association;

(b)Termination of contracts for goods and services for the time-share program or for units in the time-share program entered into during the developer-control period; and

(c)A regular accounting by the developer to the association as

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(1) The time-share instruments for a time-share estate program may provide for a period of time, known as the developer-control period, during which the developer or a managing agent selected by the developer shall manage the time-share program and the units in the time-share program.
(2) If the time-share instruments for a time-share estate program provide for the establishment of a developer-control period, they shall include, but not be limited to, provisions for the following:
(a) Termination of the developer-control period by action of the association;
(b) Termination of contracts for goods and services for the time-share program or for units in the time-share program entered into during the developer-control period; and
(c) A regular accounting by the developer to the association as to all matters that significantly affect the interests of owners in the time-share program.