The person or entity responsible for making or collecting common expense assessments or maintenance assessments shall keep detailed financial records and shall keep said funds in a designated trust account. All financial and other records shall be made reasonably available for examination by any time-share interval owner in the program, by the time-share program’s association, or by the authorized agent of such owner or association upon reasonable request.
History. Code 1981, § 44-3-182 , enacted by Ga. L. 1983, p. 1255, § 1; Ga. L. 1995, p. 1260, § 1.
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