TITLE 34
Property
CHAPTER 34-41
Rhode Island Real Estate Time-Share Act
ARTICLE 34-41-2.01
Creation, Termination and Incidents of Time Shares
SECTION 34-41-2.01
§ 34-41-2.01 Time shares in projects.
(a) If all of the documents constituting the project instrument are recorded
after May 7, 1984, time shares may not be created in any unit in a project
unless expressly permitted by the project instrument. No amendment to a project
instrument which is recorded after May 7, 1984 may permit the creation of time
shares unless the owners of at least eighty percent (80%) of the units, or any
larger majority required by the project instrument or by law, consent to the
amendment.
(b) A municipality by and through adoption of its zoning
ordinance shall be empowered to designate zones in which time-share ownership
of property is permitted by right or by special exception, provided however
that time share ownership of property shall be permitted in zones where
hotels-motels are permitted by right or by special exception. In the event the
municipality does not adopt an ordinance designating zones in which time share
ownership of property is permitted by right or by special exception, this
section shall not be construed to require a designation of a time share zone
prior to development, nor impose any requirement upon a time share property
which the zoning code of the respective community would not impose upon a
physically identical development under a different form of ownership.
History of Section.
(P.L. 1984, ch. 141, § 2.)
