Sections
12 entriesSection 11265Limits time-share assessments by allocating by interests or equitable formulas and requiring owner approval for increases above 20 percent and most special…Section 11265.1Sets time-share assessments as delinquent 30 days after due unless the instrument allows longer, with late charges capped at 10 percent or…Section 11266Requires at least 25 percent of nondeveloper voting power to amend a time-share declaration, at least 25 percent of both the governing…Section 11267Requires time-share instruments to use a managing entity under a written agreement generally limited to five years with successive three-year renewals and…Section 11268Requires regular time-share association meetings at least annually unless impracticable because of membership, locations, international offering, or other factors; first meeting within…Section 11269Establishes one vote per time-share interest, one collective vote for jointly owned interests, and one class B vote per authorized developer-owned interest;…Section 11270Sets a time-share association board at three directors for up to 100 members and five or seven for more than 100 members.…Section 11271Requires time-share governing-body meetings at least annually and generally near the plan, with 14 days’ written notice when regular meeting details are…Section 11272Requires a proposed time-share budget at least 15 days before each fiscal year, annual audited financial statements available 120 days after year-end,…Section 11273Allows time-share owners or representatives to inspect and copy association records at reasonable times for membership-related purposes and obtain copies after an…Section 11274Prohibits absolute forfeiture of a time-share owner’s interest for rule violations except through a court or authorized arbitration judgment or foreclosure for…Section 11275Requires time-share dispute-resolution provisions implemented after July 1, 2005 to have the developer advance initiation fees, use a neutral decisionmaker appointed within…