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66-32-109 - Instruments for time-share use.

66-32-109. Instruments for time-share use.

Project instruments and time-share instruments creating time-share uses must contain the following:

     (1)  Identification by name of the time-share project and street address where the time-share project is situated;

     (2)  Identification of the time periods, type of units and the units that are in the time-share program and the length of time that the units are committed to the time-share program;

     (3)  In case of a time-share project, identification of which units are in the time-share program and the method whereby any other units may be added, deleted or substituted; and

     (4)  Any other matters that the developer deems appropriate.

[Acts 1981, ch. 372, § 10; T.C.A., § 64-3210.]  

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