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Current as of March 08, 2022 | Updated by FindLaw Staff
A timeshare plan may be created in any accommodation unless prohibited by any law or county, city or town zoning ordinance or regulation to the contrary. All timeshare plans shall maintain a one-to-one purchaser-to accommodation ratio so that the total number of purchasers eligible to use the accommodations of the timeshare plan during a given calendar year never exceeds the total number of accommodations available for use in the timeshare plan during the same calendar year. For purposes of calculating the ratio, a purchaser who is delinquent in the payment of timeshare plan assessments shall continue to be considered eligible to use the accommodations of the timeshare plan.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 32. Professions and Occupations § 32-2197.01. Creation of timeshare plans; ratio - last updated March 08, 2022 | https://codes.findlaw.com/az/title-32-professions-and-occupations/az-rev-st-sect-32-2197-01.html
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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