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Current as of January 01, 2024 | Updated by Findlaw Staff
The developer has the duties imposed on the managing entity by this chapter and the powers listed in § 34-41-3.02(a)(1)-(11) until a managing entity is provided or the developer and his or her affiliates own no estate or interest in the time-share property. Thereafter, if there is no managing entity and the number of time shares in the time-share property is twelve (12) or fewer, the time-share owners have those powers subject to any provisions of the time-share instrument relating to the manner of the exercise thereof and have the responsibilities and liabilities of an association for the purposes of §§ 34-41-3.06 and 34-41-3.07. To the extent that the time-share instrument is silent with respect to the manner of exercise of any of those powers, the time-share owners may exercise them only by unanimous action.
Cite this article: FindLaw.com - Rhode Island General Laws Title 34. Property § 34-41-3.03. Powers and duties in absence of managing entity - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-34-property/ri-gen-laws-sect-34-41-3-03/
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