STATE STATUTES & CODES

MASSACHUSETTS STATUTES AND CODES

CHAPTER 183B REAL ESTATE TIME-SHARES

• Section 1 Citation
• Section 2 Definitions
• Section 3 Estates in fee simple; estates for years; separate estates; taxes and assessments; recording documents
• Section 4 Agreements varying chapter prohibited; waiver of rights
• Section 5 Unconscionable contracts
• Section 6 Good faith obligation
• Section 7 Remedies; liberal administration; damages; judicial enforcement
• Section 8 Laws supplementary to chapter
• Section 9 Conflicts with other laws
• Section 10 Implied repeals by subsequent legislation
• Section 11 Project instruments; creation of time-shares; amendments
• Section 12 Instruments for creation of more than twelve time-shares in single property; recording; contents
• Section 13 Instruments; allocation of votes and expense liabilities; alteration
• Section 14 Partition of units
• Section 15 Termination agreements
• Section 16 Sales or management offices; models; signs
• Section 17 Instruments; approval of actions of owners, developer, or managing entity
• Section 18 Deeds; notice of lease or license; recording; contents
• Section 19 Managing entity
• Section 20 Powers of association
• Section 21 Powers and duties of developer
• Section 22 Special developer right
• Section 23 Contracts or leases between developer and managing entity; termination by association or owners
• Section 24 Duties of managing entity; access to units; alteration of unit by owner
• Section 25 Liability of owners; actions involving owners, developers, or associations; tolling of limitations; judgments against associations
• Section 26 Insurance
• Section 27 Surplus funds
• Section 28 Expenses; assessments; late charges; interest; reserve funds
• Section 29 Liens for assessments; enforcement proceedings; attorney’s fees; statement of unpaid assessments
• Section 30 Financial records
• Section 31 Third persons dealing with trustee
• Section 32 Definitions; list of addresses of owners; ballots; communication expenses; vote allocation; notice; recording amendments
• Section 33 Amendment of project instruments or unrecorded documents; approval of expenditures; procedure
• Section 34 Referendum to amend project instrument or other matters
• Section 35 Discharge of manager
• Section 36 Dispositions or offerings for which public offering statement or other materials not required
• Section 37 Public offering statements; responsibility for preparation; liability for misleading statement; multi-location plans
• Section 38 Public offering statements; furnishing to purchaser; contents
• Section 39 Public offering statements; conversion buildings; contents
• Section 39A Conformity of units to regulations
• Section 40 Public offering statements; time-share registered with securities exchange commission
• Section 41 Providing prospective purchaser with public offering statement and resale disclosures; cancellation of contract; damages
• Section 42 Copy of instrument and certificate; delivery to purchaser; limitation on expense liability
• Section 43 Deposits placed in escrow; holding instrument of payment
• Section 44 Release of liens; surety bond; service of process for foreclosure of lien
• Section 45 Express warranties
• Section 46 Implied warranties of developer or person in business of selling real estate for own account
• Section 47 Implied warranties of quality; exclusions or modifications
• Section 48 Limitation of actions for breach of warranties
• Section 49 Failure to comply with chapter
• Section 50 Improvements not required to be built
• Section 51 Completion of promised improvements; responsibility for recording deed or notice
• Section 52 Advertisements including prize offer
• Section 53 Exchange programs; information; promotional literature; liability
• Section 54 Multi-location developers; information for purchasers; violations
• Section 55 Project brokers

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