summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to time-share extension and termination procedures. The Judiciary.
AI Summary
This bill modernizes the procedures for extending and terminating time-share plans in Massachusetts. It allows for the termination of a time-share plan by agreement of at least 60% of time-share owners, and provides guidelines for the sale of the property and distribution of proceeds. The bill also allows for the extension of a time-share plan by agreement of at least 60% of owners, and states that the provisions of this bill will take precedence over any conflicting provisions in the time-share instrument or other governing documents. The bill applies to all time-share plans in the Commonwealth, both existing and future.
Committee Categories
Justice
Sponsors (3)
Last Action
Senate concurred (on 05/18/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H3421 |
| Bill | https://malegislature.gov/Bills/191/H3421.pdf |
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