§ 11A-103. Recording of time-share instruments
West's Annotated Code of MarylandReal Property
MD Code, Real Property, § 11A-103
§ 11A-103. Recording of time-share instruments
A time-share instrument shall be recorded among the land records of every county in which any portion of the project is situated and shall contain in addition to other provisions required by this title the following:
(3) When the project contains more than 1 unit, a time-share plat containing the information required by § 11-105(b) of this article, the identification and location of each time-share unit and the common elements, and a certificate from a professional land surveyor or property line surveyor that the plat and description in the time-share instrument are correct representations of the time-share project;
(12) Specification of the events, including condemnation and damage or destruction, and the procedures by which the time-share plan may be terminated before the expiration of its full term and the consequences of such termination, including the manner in which the time-share project assets will be held and distributed among owners;
Credits
Added by Acts 1984, c. 579, § 1, eff. Jan. 1, 1985. Amended by Acts 1989, c. 236, § 2.
MD Code, Real Property, § 11A-103, MD REAL PROP § 11A-103
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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