2968
LAWS OF MARYLAND
Ch. 579
(1) THE NAME OF THE COUNTY OR COUNTIES IN WHICH THE
PROJECT IS SITUATED;
(2) THE LEGAL DESCRIPTION; STREET ADDRESS, AND OTHER
DESCRIPTION SUFFICIENT TO IDENTIFY THE PROJECT; SUFFICIENT TO
IDENTIFY THE PROJECT WITH REASONABLE CERTAINTY AND MAY INCLUDE A
STREET ADDRESS;
(3) WHEN THE PROJECT CONTAINS MORE THAN 1 UNIT, A
TIME-SHARE PLAT CONTAINING THE INFORMATION REQUIRED BY §
11-105(B) OF THIS ARTICLE, THE IDENTIFICATION AND LOCATION OF
EACH TIME-SHARE UNIT AND THE COMMON ELEMENTS, AND A CERTIFICATE
FROM A REGISTERED SURVEYOR THAT THE PLAT AND DESCRIPTION IN THE
TIME-SHARE INSTRUMENT ARE CORRECT REPRESENTATIONS OF THE
TIME-SHARE PROJECT;
(4) IDENTIFICATION OF TIME PERIODS BY LETTER, NAME,
NUMBER, OR COMBINATION THEREOF;
(5) WHERE APPLICABLE, THE METHOD WHEREBY ADDITIONAL
TIME-SHARES MAY BE CREATED OR WITHDRAWN FROM THE TIME-SHARE PLAN;
(6) THE PORTION OF COMMON EXPENSES AND ANY VOTING
RIGHTS ASSIGNED TO EACH TIME-SHARE, IF ANY, AND THE METHOD FOR
REALLOCATION IF TIME SHARE UNITS TIME-SHARES ARE ADDED TO OR
WITHDRAWN FROM THE TIME-SHARE PLAN;
(7) ANY RESTRICTIONS ON THE USE, OCCUPANCY,
ENJOYMENT, ALTERATION, OR ALIENATION OF TIME-SHARES;
(8) A DESCRIPTION OF THE PERSONAL PROPERTY AMENITIES
IF ANY AT THE PROJECT MADE AVAILABLE FOR A TIME-SHARE PURCHASER'S
USE AND THE OWNERSHIP, CARE, AND REPLACEMENT OF SUCH PROPERTY
THEREOF;
(9) THE LENGTH OF TIME THE TIME-SHARES ARE COMMITTED
TO THE TIME-SHARE PLAN AND THE STATUS OF TITLE OF TIME-SHARE
UNITS AT THE END OF THE PERIOD OF TIME;
(10) THE METHOD OF DESIGNATING THE INSURANCE TRUSTEE
REQUIRED BY § 11A-111;
(11) A DESCRIPTION AND AUTHORIZATION OF THE METHODS,
IF ANY, BY WHICH THE TIME-SHARE DOCUMENTS MAY BE ENFORCED,
INCLUDING THE COLLECTION OF TIME-SHARE EXPENSES;
(12) SPECIFICATION OF THE EVENTS, INCLUDING
CONDEMNATION AND DAMAGE OR DESTRUCTION, AND THE PROCEDURES BY
WHICH THE TIME-SHARE PLAN MAY BE TERMINATED BEFORE THE EXPIRATION
OF ITS FULL TERM AND THE CONSEQUENCES OF SUCH TERMINATION,
INCLUDING THE MANNER IN WHICH THE TIME-SHARE PROJECT ASSETS WILL
BE HELD AND DISTRIBUTED AMONG OWNERS;
(13) PROVISION FOR THE AMENDMENT OF THE TIME-SHARE
INSTRUMENT; AND
|