REPORT TITLE:
Condominiums; Time Share


DESCRIPTION:
Adds section that allows time share registration under the time
share law to meet the registration requirements of the horizontal
property regime law, so long as the requirements are not
contradictory.  Provides time share law shall prevail as it
relates to disclosure statements.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        
THE SENATE                              S.B. NO.           1459
TWENTIETH LEGISLATURE, 1999                                
STATE OF HAWAII                                            
                                                             
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                     A BILL FOR AN ACT

RELATING TO CONDOMINIUMS.



BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1      SECTION 1.  Chapter 514A, Hawaii Revised Statues, is amended
 
 2 by adding a new section to part III to be appropriately
 
 3 designated and to read as follows:
 
 4      "�514A-     Conformity with registration requirements found
 
 5 in chapter 514E.  When a time share plan is subject to both this
 
 6 chapter and section 514E-9, the plan shall meet the requirements
 
 7 of both chapters so long as those requirements are not
 
 8 contradictory.  In the event of any conflict between this chapter
 
 9 and chapter 514E, the provisions of chapter 514E shall prevail as
 
10 they relate to disclosure statements."
 
11      SECTION 2.  New statutory material is underscored.
 
12      SECTION 3.  This Act shall take effect upon its approval.
 
13 
 
14                           INTRODUCED BY:  _______________________