Oregon Code § 94.848·Enacted ·Last updated March 01, 2026
Statute Text
How
managing entity of developer terminated.
A timeshare instrument that provides for the
developer or an agent selected by the developer to manage the timeshare
property until an owners association, a trust or the owners assume the role of
managing entity shall include provisions for:
(1) Termination
of developer management or developer selected management by the association,
trust or owners;
(2) Termination
of contracts for goods and services for the timeshare property entered into
during the period the developer served as the managing entity;
(3) A regular
accounting at least annually by the developer to the association, trust or
owners as to all matters affecting the timeshare property; and
(4) Immediate
termination of the developer as managing entity by the association, trust or
owners and assumption of management functions by an association or trust in the
case of abandonment or substantial breakdown of management services for the
timeshare plan. [1983 c.530 §10]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 94.848
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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