California Business and Professions Code

§ 11267

BPC § 11267 Effective Jan 1, 2021Div. 4 · Part 2 · Ch. 2 · Art. 4

Statute text

(a)The time-share instruments shall require the use of a managing entity for the time-share plan or component site pursuant to a written management agreement that shall include all of the following provisions:

(1)Delegation of authority to the managing entity to carry out the duties and obligations of the association or the developer to the time-share interest owners.

(2)Authority of the managing entity to use subagents, if applicable.

…

Legislative history

Amended by Stats. 2020, Ch. 370, Sec. 14. (SB 1371) Effective January 1, 2021.