557A.8 Developer control period.
1. The time-share instruments for a time-share estate program may provide for a period of time, known as the developer control period, during which the developer or a managing agent selected by the developer shall manage the time-share program and the units in the time-share program.
2. If the time-share instruments for a time-share estate program provide for the establishment of a developer control period, they shall include, but not be limited to, provisions for the following:
a. Termination of the developer control period by action of the association.
b. Termination of contracts for goods and services for the time-share program entered into during the developer control periods.
c. Termination of contract for managing agent entered into during developer control period.
d. A regular accounting by the developer to the association as to all matters that significantly affect the interests of owners in the time-share program.
85 Acts, ch 155, §8
Referred to in §557A.3
Structure Iowa Code
Section 557A.1 - Time-share Act.
Section 557A.3 - Applicability to time-share programs located out-of-state.
Section 557A.4 - Action for partition.
Section 557A.5 - Status of time-share estates.
Section 557A.6 - Creation of time-share estates.
Section 557A.7 - Arrangements for management and operation of a time-share estate program.
Section 557A.8 - Developer control period.
Section 557A.9 - Creation of time-share uses.
Section 557A.10 - Arrangement for management and operation of a time-share use program.
Section 557A.11 - Disclosure requirements.
Section 557A.12 - Additional disclosure requirements relating to exchange programs.
Section 557A.13 - Exemptions from disclosure requirements.
Section 557A.14 - Purchaser’s and developer’s rights relating to property report.
Section 557A.15 - Release from liens.
Section 557A.16 - Enforcement and cause of action.
Section 557A.18 - Financing of time-share programs.
Section 557A.19 - Lienholder’s rights.
Section 557A.20 - Selling time-share estates — license required.