Md. Code, Commercial Law § 14-2401
This is the official text of Md. Code, Commercial Law § 14-2401, part of Maryland’s Code, Commercial Law — governs commercial transactions - Maryland's version of the Uniform Commercial Code.
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§14–2401.
Official statutory text
(a) In this subtitle the following words have the meanings indicated.
(b) “Purchaser” means a person who has contracted to acquire a vacation club membership.
(c) (1) “Sales agent” means a person who has contracted to sell a vacation club membership.
(2) “Sales agent” includes the developer of a vacation club membership plan.
(d) “Vacation accommodation” means a place of lodging and related facilities over which the user does not have permanent exclusive control.
(e) (1) “Vacation club membership” means an interest in a vacation club membership plan that entitles the purchaser to the use or occupancy of a vacation accommodation on a recurring basis, whether or not the exercise of the right to use or occupy depends on the availability of a vacation accommodation.
(2) “Vacation club membership” includes an interest in a club that provides or arranges for the use or occupancy of campgrounds, condominiums, or other vacation accommodations.
(3) “Vacation club membership” does not include a time-share defined under Title 11A of the Real Property Article.
(f) “Vacation club membership plan” means a plan in which the purchaser has the right to the use or occupancy of any number of vacation accommodations on a recurring basis.
(b) “Purchaser” means a person who has contracted to acquire a vacation club membership.
(c) (1) “Sales agent” means a person who has contracted to sell a vacation club membership.
(2) “Sales agent” includes the developer of a vacation club membership plan.
(d) “Vacation accommodation” means a place of lodging and related facilities over which the user does not have permanent exclusive control.
(e) (1) “Vacation club membership” means an interest in a vacation club membership plan that entitles the purchaser to the use or occupancy of a vacation accommodation on a recurring basis, whether or not the exercise of the right to use or occupy depends on the availability of a vacation accommodation.
(2) “Vacation club membership” includes an interest in a club that provides or arranges for the use or occupancy of campgrounds, condominiums, or other vacation accommodations.
(3) “Vacation club membership” does not include a time-share defined under Title 11A of the Real Property Article.
(f) “Vacation club membership plan” means a plan in which the purchaser has the right to the use or occupancy of any number of vacation accommodations on a recurring basis.
Status: in_force · Read it on the official government site
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