707.20 Time shares in projects.
(1) If all of the documents constituting a project instrument are recorded after June 1, 1988, time shares may not be created in any unit in the project unless expressly permitted by the project instrument, including an amendment to the project instrument under sub. (2).
(2) An amendment to a project instrument adopted under s. 707.39 (5) or (6) which is recorded after June 1, 1988, may not permit the creation of time shares unless the owner of each unit in the project, and the record owners of liens on each unit in the project, consent to the amendment.
History: 1987 a. 399.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 707 - Time-share ownership.
707.03 - Status of time-share estates.
707.05 - Variation by agreement.
707.06 - Unconscionable contract.
707.07 - Obligation of good faith.
707.09 - Conflicts with other laws.
707.10 - Zoning and other regulation of time-share projects.
707.11 - Securities law; applicability.
707.20 - Time shares in projects.
707.21 - Time-share instrument.
707.215 - Project and time-share property plat.
707.22 - Allocation of time-share liability and voting rights.
707.24 - Termination of time shares.
707.25 - Use for sales purposes.
707.26 - Rights of secured lenders.
707.28 - Foreclosure of time-share estates and licenses.
707.30 - Managing entity; association of unit owners.
707.31 - Transfer of special developer rights.
707.32 - Termination of contracts and leases of developer.
707.34 - Tort and contract liability.
707.35 - Insurance; repair or replacement of damaged property.
707.36 - Disposition of surplus funds.
707.37 - Assessments for time-share expenses; lien.
707.38 - Blanket encumbrances; liens.
707.39 - Initiative, referendum and recall.
707.40 - Applicability; exemptions.
707.41 - Time-share disclosure statement.
707.42 - Exchange or reciprocal program; additional requirements.
707.43 - Multilocation developer; additional requirements.
707.44 - Conversion building; additional requirements.
707.45 - Amendments to statement.
707.46 - Contract; minimum requirements.
707.47 - Purchaser's right to cancel.
707.48 - Resales of time shares.
707.49 - Deposits; escrow requirement.
707.50 - Conversion building; tenants' rights.
707.51 - Protection of campground interests.
707.52 - Campgrounds; breach by member.
707.54 - Labeling of promotional material.
707.55 - Prohibited advertising and sales practices.
707.56 - Developer's obligation to complete improvements.
707.57 - Remedies and penalties.