Tennessee Statutes

§ 66-32-108 — Developer control

Tennessee·Title 66
(a)The time-share instruments for a time-share estate program may provide for a "developer control period," during which the developer or a managing agent selected by the developer may manage the time-share program and the units in the time-share program.
(b)If the time-share instruments for a time-share estate program provide for the establishment of a developer control period, they shall ordinarily include provisions for the following:
(1)Termination of the developer control period by action of the association;
(2)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 (3) A regular accounting by the developer to the association as to all matters that significantly affect t

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Legislative History

Acts 1981, ch. 372, § 9; T.C.A., § 64-3209.

Nearby Sections

15
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