Ch. 141 LAWS OF MARYLAND

Article - Real Property

Section 11A-127

Annotated Code of Maryland

(1988 Replacement Volume and 1989 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Real Property

11A-127.

(a) This title applies to all time-share projects in the State except to the extent
of any inconsistent right or obligation under a preexisting project instrument, document
transferring an interest in real estate, or contract.

(b) The project instrument of any time-share project in existence before January
1, 1985, may be amended in accordance with this title. If an amendment grants to any
person any rights, powers, or privileges permitted by this title, all correlative
obligations, liabilities, and restrictions shall also apply to that person.

(c) (1) The requirements of §§ 11A-102, 11A-103, 11A-104, 11A-105,
11A-106, 11A-107, 11A-108, 11A-109, 11A-110, 11A-111, 11A-115, and 11A-117
apply only to projects located in this State.

(2) The requirements of §§ 11A-112, 11A-113, 11A-114, 11A-116,
11A-118, 11A-119, 11A-120, 11A-121, 11A-122, 11A-124, and 11A-125 apply to any
developer required to register under this title with the Commission, whether or not the
project is located in this State.

(D) EXCEPT FOR THE DEVELOPER OR A PERSON RELATED IN ANY
WAY TO THE DEVELOPER OF THE PROJECT OR AN EMPLOYEE. OFFICER,
AGENT, OR ASSIGN OF THE DEVELOPER OF THE PROJECT WHERE THE
TIME-SHARES ARE LOCATED, A PERSON ENGAGED IN THE BUSINESS OF
SELLING TIME-SHARES OWNED BY THAT PERSON IS REQUIRED TO
COMPLY WITH §§ 11A-115, 11A-116, 11A-119, 11A-121, 11A-122, 11A-124, AND
11A-125 OF THIS SUBTITLE, BUT IS NOT REQUIRED TO COMPLY WITH §
11A-112 OF THIS SUBTITLE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect July 1, 1990.

Approved April 24, 1990.

CHAPTER 141
(House Bill 242)

AN ACT concerning

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