WILLIAM DONALD SCHAEFER, Governor Ch. 85

time-shares in the time-share project is 12 or fewer and there is no managing entity, 3
or more time-share owners may form an association.

(b) In the absence of a managing entity required by this section, a court upon
application of a party in interest, may appoint and prescribe the powers of a managing
entity.

(c) Except as otherwise provided in the time-share instrument, the managing
entity has the power to:

(1) Institute, defend, or intervene in litigation or other legal proceedings
in its own name on behalf of itself or 2 or more time-share owners on matters affecting
time-shares, time-share units, or the time-share project;

(2) Adopt and amend reasonable rules and regulations;

(3) Indemnify its directors and officers and maintain directors' and
officers' liability insurance with respect to the time-share project;

(4) Impose charges for late payments of assessments and, after notice and
an opportunity to be heard, levy reasonable fines for violation of the time-share
instrument, bylaws, and rules and regulations of the time-share project; and

(5) Exercise any other powers necessary and proper for the governance
and operation of the time-share project.

(d) Except to the extent otherwise provided in the time-share instrument, and to
the extent of funds available to it for such purposes, the managing entity is responsible
for the maintenance and repair of and replacements to the time-share units and any
personal property available for use by time-share owners, other than personal property
separately owned by a time-share owner. Each time-share owner shall afford access
through his time-share unit reasonably necessary for these purposes, but if damage is
inflicted on such time-share unit through which access is afforded, then in such event
the managing entity shall promptly repair such damage.

(e) Subject to the limitations of this section, the association shall be subject to
Title 5, Subtitle 2 of the Corporations and Associations Article.

(f) A director of an association may be removed from office in accordance with
the articles of incorporation of the association. If the articles of incorporation do not
provide for removal, a director may be removed at a meeting called for that purpose,
with or without cause, by such vote as would suffice for his election. The costs for
reproduction and mailing of the proxies used to remove any director shall be
reimbursed to the member incurring such costs if the member requests such
reimbursement and the director is in fact removed.

(G) (1) THE ASSOCIATION SHALL MAINTAIN AND MAKE AVAILABLE
ANNUALLY ON WRITTEN REQUEST TO THE MEMBERSHIP ALL MEMBERS A
MEMBER IN GOOD STANDING OF THE ASSOCIATION AT REASONABLE
COST COST, A LIST OF THE NAMES AND ADDRESSES OF ALL MEMBERS.

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