If the declaration provides that ownership or occupancy of any units is or may be in time shares, the offering statement shall disclose, in addition to the information required by section 35-8A-403:
(1) The number and identity of units in which time shares may be created;
(2) The total number of time shares that may be created;
(3) The minimum duration of any time shares that may be created; and
(4) The extent to which the creation of time shares will or may affect the enforceability of the association's lien for assessments provided in section 35-8A-316.
Structure Code of Alabama
Chapter 8A - Alabama Uniform Condominium Act.
Article 4 - Protection of Condominium Purchasers.
Section 35-8A-401 - Applicability; Waiver.
Section 35-8A-402 - Liability for Offering Statement Requirements.
Section 35-8A-403 - Offering Statement - General Provisions.
Section 35-8A-404 - Offering Statement - Condominiums Subject to Development Rights.
Section 35-8A-405 - Offering Statement - Time Shares.
Section 35-8A-406 - Offering Statement - Condominiums Containing Conversion Buildings.
Section 35-8A-407 - Offering Statement - Condominium Securities.
Section 35-8A-408 - Purchaser's Right to Cancel.
Section 35-8A-409 - Resales of Units.
Section 35-8A-410 - Escrow of Deposits.
Section 35-8A-411 - Release of Liens.
Section 35-8A-412 - Conversion Buildings.
Section 35-8A-413 - Express Warranties.
Section 35-8A-414 - Effect of Violations on Rights of Action; Attorney's Fees.
Section 35-8A-415 - Labeling of Promotional Material.
Section 35-8A-416 - Declarant's Obligation to Complete and Restore.