The developer shall not sell, lease, assign, or otherwise transfer the entire interest of the developer, other than as a transfer of a time-share interval in the normal course of marketing, in the time-share program or the accommodations or facilities to a third party when such a sale, lease, assignment, or other transfer substantially affects the rights of other owners of the time-share units, unless:
History. Code 1981, § 44-3-181 , enacted by Ga. L. 1983, p. 1255, § 1; Ga. L. 1995, p. 1260, § 1; Ga. L. 2000, p. 1589, § 3.
Editor’s notes.
Ga. L. 2000, p. 1589, § 16, not codified by the General Assembly, provides that the amendment to this Code section is applicable with respect to notices delivered on or after July 1, 2000.
Structure Georgia Code
Chapter 3 - Regulation of Specialized Land Transactions
Article 5 - Time-Share Projects and Programs
Part 3 - Developers and Exchange Companies
§ 44-3-172. Contents of Public Offering Statement
§ 44-3-173. Annual Reports Filed by Exchange Companies and Multilocation Developers
§ 44-3-175. Funds Required to Be Escrowed by Developer; Exceptions; Escrow Agents
§ 44-3-176. Payments Received by Developer on Uncompleted Projects to Be Escrowed
§ 44-3-177. Exemption From Other State Laws Requiring Registration and Public Offering Statements
§ 44-3-178. Exceptions to Public Offering Statement Requirement Under This Article
§ 44-3-179. Updating Public Offering Statement Required
§ 44-3-180. Purchase of Interval Is Free of Liens Affecting That Interval; Exceptions
§ 44-3-181. Transfer of Developer’s Entire Interest
§ 44-3-182. Financial and Other Records of Time-Share Project Association or Managing Agent
§ 44-3-183. Remedy for Violation of Article; Punitive Damages; Attorney’s Fees