GENERAL BILL by Senator Kelli Stargel

Vacation and Time Share Plans; Exempting associations that govern a timeshare condominium from the prohibition of using proxies for electing members of the board; revising the formula to calculate the reserves for any accommodations and facilities of real property time share plans; removing a provision that requires a title search to accompany the affidavit initiating a trustee foreclosure proceeding of assessment liens; providing that a trustee may sell a timeshare interest if the lienholder delivers a certain title search which identifies junior interestholders of record, etc.

Last Action: 02/07/2013 Filed

Effective Date: July 1, 2013

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