California Business and Professions Code

§ 11274

BPC § 11274 Effective Jan 1, 2005Div. 4 · Part 2 · Ch. 2 · Art. 4

Statute text

(a)The association shall not be authorized to cause the absolute forfeiture of a time-share interest owner’s right, title, or interest in the time-share plan on account of the time-share interest owner’s failure to comply with provisions of the time-share instrument or the rules and regulations for the time-share plan except pursuant to either of the following:

(1)The judgment of a court or the decision of an arbitrator as provided in the time-share instrument.

(2)A foreclosure or sale under a power of sale for the failure of a time-share interest owner to pay assessments duly levied by the association.

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Legislative history

Added by Stats. 2004, Ch. 697, Sec. 14. Effective January 1, 2005. Section operative July 1, 2005, pursuant to Section 11288.