(a) If the declaration provides that ownership or occupancy of any units, is or may be in time shares, the public offering statement shall disclose, in addition to the information required by § 81-403 of this title:

(1) The number and identity of units in which time shares may be created;

(2) The total number of time shares that may be created;

(3) The minimum duration of any time shares that may be created; and

(4) The extent to which the creation of time shares will or may affect the enforceability of the association’s lien for assessments provided in § 81-316 of this title.

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(b) Any common interest community that is in time shares shall also be governed by Chapter 28 of Title 6, to the extent applicable.

76 Del. Laws, c. 422, § ?2; 77 Del. Laws, c. 91, §§ ?67, 81;