Georgia Code
Part 1 - General Provisions
§ 44-3-162. Definitions

As used in this article, the term:
(12.1) “Owners’ association” means an association made up of all owners of time-share intervals in a time-share program.
History. Code 1981, § 44-3-162 , enacted by Ga. L. 1983, p. 1255, § 1; Ga. L. 1986, p. 10, § 44; Ga. L. 1989, p. 321, § 1; Ga. L. 1990, p. 227, § 17; Ga. L. 1995, p. 1260, § 1; Ga. L. 2009, p. 332, § 1/HB 608.
The 2009 amendment, effective July 1, 2009, added paragraph (12.1) and, in paragraph (21), added “, including real property interests held in irrevocable trust wherein all owners of the time-share program or the owners’ association of the time-share program are express beneficiaries of such trust and the trustee is independent of the developer; provided, however, that if such real property interests are held in trust, conveyance of the property to the trust shall be free of all financial liens and encumbrances or shall include a recorded nondisturbance agreement”.

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