New Mexico § 47-7D-5 Time shares

New Mexico Statutes

§ 47-7D-5 — Time shares

New Mexico § 47-7D-5

Ch. 47Property Law

Art. 7DCondominium Act - Protection of Condominium

This text of New Mexico § 47-7D-5 (Time shares) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 47-7D-5 (2026).

Text

If the declaration provides that ownership or occupancy of any units is or may be in time shares, the disclosure statement shall disclose, in addition to the information required by Section 55 [47-7D-3 NMSA 1978] of the Condominium Act: A. a description of the time share interest that may be created; B. the number and identity of units in which time shares may be created; C. the total number of time shares that may be created; D. the minimum duration of any time shares that may be created; and E. the extent to which the creation of time shares will or may affect the enforceability of the association's lien for assessments provided in Section 49 [47-7C-16 NMSA 1978] of the Condominium Act.

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If the declaration provides that ownership or occupancy of any units is or may be in time shares, the disclosure statement shall disclose, in addition to the information required by Section 55 [47-7D-3 NMSA 1978] of the Condominium Act: A. a description of the time share interest that may be created; B. the number and identity of units in which time shares may be created; C. the total number of time shares that may be created; D. the minimum duration of any time shares that may be created; and E. the extent to which the creation of time shares will or may affect the enforceability of the association's lien for assessments provided in Section 49 [47-7C-16 NMSA 1978] of the Condominium Act.