Business and Professions Code - BPC
DIVISION 4. REAL ESTATE [10000 - 11506]
( Division 4 added by Stats. 1943, Ch. 127. ) PART 2. REGULATION OF TRANSACTIONS [11000 - 11288]
( Part 2 added by Stats. 1943, Ch. 127. ) CHAPTER 2. The Vacation Ownership and Time-Share Act of 2004 [11210 - 11288]
( Chapter 2 added by Stats. 2004, Ch. 697, Sec. 14. ) ARTICLE 1. General Provisions [11210 - 11219]
( Article 1 added by Stats. 2004, Ch. 697, Sec. 14. ) 11215.
(a) The time-share instrument shall prohibit a person from seeking or obtaining, through any legal procedures, judicial partition of the time-share interest or sale of the time-share interest, in lieu of partition and shall subordinate all rights that a time-share interest owner might otherwise have as a tenant-in-common in real property to the terms of the time-share instrument.
(b) Subdivision
(a) shall not be deemed to prohibit a sale of an accommodation upon termination of the time-share plan or the removal of an accommodation from the time-share plan in accordance with applicable provisions of the time-share instrument.
(Added by Stats. 2004, Ch. 697, Sec. 14. Effective January 1, 2005. Section operative July 1, 2005, pursuant to Section 11288.)