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§ 11A-127. Application of title

West's Annotated Code of MarylandReal Property

West's Annotated Code of Maryland
Real Property (Refs & Annos)
Title 11a. Maryland Real Estate Time-Sharing Act (Refs & Annos)
MD Code, Real Property, § 11A-127
§ 11A-127. Application of title
Time-share projects in State
(a) This title applies to all time-share projects in the State except to the extent of any inconsistent right or obligation under a preexisting project instrument, document transferring an interest in real estate, or contract.
Project instruments in existence before January 1, 1985
(b) The project instrument of any time-share project in existence before January 1, 1985, may be amended in accordance with this title. If an amendment grants to any person any rights, powers, or privileges permitted by this title, all correlative obligations, liabilities, and restrictions shall also apply to that person.
Projects located in State and developers required to register under this title
(c)(1) The requirements of §§ 11A-102, 11A-103, 11A-104, 11A-105, 11A-106, 11A-107, 11A-108, 11A-109, 11A-110, 11A-111, 11A-115, and 11A-117 of this title apply only to projects located in this State.
(2) The requirements of §§ 11A-112, 11A-113, 11A-114, 11A-116, 11A-118, 11A-119, 11A-120, 11A-121, 11A-122, 11A-124, and 11A-125 of this title apply to any developer required to register under this title with the Commission, whether or not the project is located in this State.
Persons engaged in business of selling time-shares
(d) Except for the developer of the project or an employee, officer, agent, or assign of the developer of the project where the time-shares are located, a person engaged in the business of selling time-shares owned by that person is required to comply with §§ 11A-115, 11A-116, 11A-119, 11A-121, 11A-122, 11A-124, and 11A-125 of this title, but is not required to comply with § 11A-112 of this title.

Credits

Added by Acts 1984, c. 579, § 1, eff. Jan. 1, 1985. Amended by Acts 1985, c. 721; Acts 1990, c. 140.
MD Code, Real Property, § 11A-127, MD REAL PROP § 11A-127
Current through all legislation from the 2017 Regular Session of the General Assembly
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