REPORT TITLE:
Condos; Time Shares


DESCRIPTION:
Requires that a time share plan subject to condominium and time
share registration requirements conform to both unless
contradictory.  Specifies that time share requirement concerning
disclosure statements prevail in event of conflict.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        658
HOUSE OF REPRESENTATIVES                H.B. NO.           
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 Statutes, is
 
 2 amended by adding a new section to part III to be appropriately
 
 3 designated and to read as follows:
 
 4      "�514A-     Conformity with time share registration
 
 5 requirements.  When a time share plan is subject to the
 
 6 requirements of both this chapter and chapter 514E, the plan
 
 7 shall meet the requirements of both chapters; provided that those
 
 8 requirements are not contradictory.  In the event of any conflict
 
 9 between this chapter and chapter 514E, the provisions of chapter
 
10 514E shall prevail as 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:  _______________________
 
15