Succeeding transactions of the accommodations, timeshares and vacation club rights shall be entered under the filial records of the respective accommodations, timeshares and vacation club rights.
The proportional share or percentage in the facilities appertaining to the owner of each accommodation, timeshare and vacation club right shall be deemed conveyed or encumbered jointly with the corresponding accommodation, timeshare or vacation club right, as the case may be, without need of entering under the matrix record, or the corresponding timeshare or vacation club matrix record, as applicable, such conveyance or encumbrance of the proportional share in the facilities.
History —Dec. 26, 1995, No. 252, § 12-124.