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§ 2805.9. Reservation Rights.

10 CA ADC § 2805.9Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 10. Investment
Chapter 6. Real Estate Commissioner (Refs & Annos)
Article 12.2. Time-Share Project
10 CCR § 2805.9
§ 2805.9. Reservation Rights.
(a) The term “the right to use accommodations at a specific time-share property” used in Section 11212(z)(2)(A) means a priority right of not less than sixty days to reserve accommodations at that specific time-share property without competing with owners of time-share interests at other time-share properties that are part of the multi-site time-share plan.
(b) The term “use rights in accommodations at one or more other component sites” as used in Section 11212(z)(2)(A) means the right, on a non-priority basis, to reserve accommodations in component sites of the multi-site time-share plan.

Credits

Note: Authority cited: Section 11281, Business and Professions Code. Reference: Section 11212, Business and Professions Code.
History
1. New section filed 5-5-2005; operative 7-1-2005 (Register 2005, No. 18).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 10, § 2805.9, 10 CA ADC § 2805.9
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