P.R. Laws tit. 31, § 1266

2019-02-20 00:00:00+00
§ 1266. Details regarding registering timeshares or vacation club rights by means of filial entries

At the time of registering the timeshare or vacation club rights by means of filial entries, there shall be expressed, as particulars of the entry, those enumerated in § 1264b of this title, as well as the following:

(1) The name of the seller or transferor of the timeshare or vacation club right being conveyed.

(2) The name of the purchaser or transferee of said timeshare or vacation club right.

(3) A description of any liens encumbering the timeshare or vacation club right being conveyed and the name of the lienholder(s) thereof.

As to the share in the facilities corresponding to each owner of the said timeshares or vacation club rights, there shall be made a pertinent and brief reference to the corresponding timeshare or vacation club matrix record where they appear entered.

History —Dec. 26, 1995, No. 252, § 12-121.