Developer control period in time-share estate program

(a) The time-share instruments for a time-share estate program may provide for a developer control period. (b) If the time-share instruments for a time-share estate program provide for the establishment of a developer control period, they shall include provisions for the following: (1) Termination of the developer control period by action of the association; (2) Termination of contracts for goods and services for the time-share program or for units in the time-share program entered into during the developer control period; and (3) 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 including, but not limited to, the current status of payments under any security deed, contracts for improvements, or other encumbrances. (Code 1981, § 44-3-168, enacted by Ga. L. 1983, p. 1255, § 1; Ga. L. 1986, p. 10, § 44; Ga. L. 1995, p. 1260, § 1.) 282 44-3-170 44-3-169. Identification of time-share project, time-share units, and time periods. Project instruments and time-share instruments creating time-share uses shall contain the following: (1) Identification by name of the time-share project and street address where the time-share project is situated; (2) Identification of the time periods, type of units, and the units that are in the time-share program and the length of time that the units are committed to the time-share program; and (3) In case of a time-share project, identification of which units are in the time-share program and the method whereby any other units may be added, deleted, or substituted. (Code 1981, § 44-3-169, enacted by Ga. L. 1983, p. 1255, § 1; Ga. L. 1989, p. 321, § 3; Ga. L. 1990, p. 227, § 18; Ga. L. 1995, p. 1260, § 1.) 44-3-170. Time-share use program management and operation.