18 Va. Admin. Code § 48-45-30

Current through Register Vol. 41, No. 6, November 4, 2024
Section 18VAC48-45-30 - Explanation of terms

Each reference in this chapter to a "developer," "purchaser," and "time-share owner" or to the plural of those terms shall be deemed to refer, as appropriate, to the masculine and the feminine, to the singular and the plural, and to natural persons and organizations. The term "developer" shall refer to any successors to the persons referred to in § 55.1-2200 of the Code of Virginia who come to stand in the same relation to the time-share as their predecessors in that they assumed rights reserved for the benefit of a developer that (i) offers to dispose of its interest in a time-share not previously disposed of or (ii) applies for registration of the time-share program.

18 Va. Admin. Code § 48-45-30

Derived From Virginia Register Volume 32, Issue 10, eff. 3/1/2016; Amended, Virginia Register Volume 36, Issue 06, eff. 12/30/2019.

Statutory Authority: §§ 54.1-2349 and 55.1-2247 of the Code of Virginia.