§591. Definitions

As used in this chapter, unless the context indicates otherwise, the following terms have the following meanings.   [PL 1983, c. 248, §3 (NEW).]

1.  Manager.  "Manager" means any person, other than all time-share owners or the association, designated in or employed pursuant to the time-share instrument or project instrument to manage the time-share units.

[PL 1983, c. 248, §3 (NEW).]

2.  Managing entity.  "Managing entity" means the manager or, if there is no manager, the association of unit owners.

[PL 1983, c. 248, §3 (NEW).]

3.  Project.  "Project" means real property subject to a project instrument containing more than one unit. A project may include units that are not time-share units.

[PL 1983, c. 248, §3 (NEW).]

4.  Project instrument.  "Project instrument" means one or more recordable documents by whatever name denominated, applying to the whole of a project and containing restrictions or covenants regulating the use, occupancy or disposition of units in a project, including any amendments to the document, but excluding any law, ordinance or governmental regulation.

[PL 1983, c. 248, §3 (NEW).]

5.  Purchaser.  "Purchaser" means any person, other than a developer, who by means of a voluntary transfer acquires a legal or equitable interest in a time share other than as security for an obligation.

[PL 1983, c. 248, §3 (NEW).]

6.  Time share.  "Time share" means a time-share estate or a time-share license.

[PL 1983, c. 248, §3 (NEW).]

7.  Time-share estate.  "Time-share estate" means any interest in a unit or any of several units under which the exclusive right of use, possession or occupancy of the unit circulates among the various time-share owners in the unit in accordance with a fixed time schedule on a periodically recurring basis for periods of time established by the schedule coupled with a freehold estate or an estate for years in a time-share property or a specified portion thereof.

[PL 1983, c. 248, §3 (NEW).]

8.  Time-share instrument.  "Time-share instrument" means one or more documents, by whatever name denominated, creating or regulating time shares.

[PL 1983, c. 248, §3 (NEW).]

9.  Time-share license.  "Time-share license" means a right to occupy a unit or any of several units during 3 or more separated time periods over a period of at least 3 years, including renewal options, not coupled with a freehold estate or an estate for years.

[PL 1983, c. 248, §3 (NEW).]

10.  Time-share owner.  "Time-share owner" means a person who is an owner or co-owner of a time share other than as security for an obligation.

[PL 1983, c. 248, §3 (NEW).]

11.  Time-share property.  "Time-share property" means one or more time-share units subject to the same time-share instrument, together with any other real estate or rights appurtenant to those units.

[PL 1983, c. 248, §3 (NEW).]

12.  Time-share unit.  "Time-share unit" means a unit in which time shares exist.

[PL 1983, c. 248, §3 (NEW).]

13.  Unit.  "Unit" means real property or a portion thereof designated for separate use.

[PL 1983, c. 248, §3 (NEW).]

SECTION HISTORY

PL 1983, c. 248, §3 (NEW).