If the declaration provides that ownership or occupancy of any units, is or may be in time shares, the public offering statement shall disclose, in addition to the information required by section 4-103:
(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 3-116.
Structure West Virginia Code
Chapter 36B. Uniform Common Interest Ownership Act
Article 4. Protection of Purchasers
§36B-4-101. Applicability; Waiver
§36B-4-102. Liability for Public Offering Statement Requirements
§36B-4-103. Public Offering Statement; General Provisions
§36B-4-104. Same -- Common Interest Communities Subject to Development Rights
§36B-4-105. Same -- Time Shares
§36B-4-106. Same -- Common Interest Communities Containing Conversion Buildings
§36B-4-107. Same -- Common Interest Community Securities
§36B-4-108. Purchaser's Right to Cancel
§36B-4-110. Escrow of Deposits
§36B-4-112. Conversion Buildings
§36B-4-113. Express Warranties of Quality
§36B-4-114. Implied Warranties of Quality
§36B-4-115. Exclusion or Modification of Implied Warranties of Quality
§36B-4-116. Statute of Limitations for Warranties
§36B-4-117. Effect of Violations on Rights of Action; Attorney's Fees
§36B-4-118. Labeling of Promotional Material