Louisiana Revised Statutes 9:1131.5 – A. All provisions of the declaration are severable.
Terms Used In Louisiana Revised Statutes 9:1131.5
- declaration: means the instrument by which the timeshare property is made subject to a timeshare plan. See Louisiana Revised Statutes 9:1131.2
- Timeshare interest: means an ownership "timeshare interest" a lease timeshare interest, a timeshare estate, and a timeshare use unless expressly provided otherwise and includes any of the following:
(a) A "timeshare estate" which is the right to occupy a timeshare property, coupled with present ownership or some right to future ownership in a timeshare property or a specified portion thereof. See Louisiana Revised Statutes 9:1131.2
A. All provisions of the declaration are severable.
B. The effectiveness of the timeshare declaration and merchantability of title to a timeshare interest are not affected by reason of an insubstantial failure of the declaration to comply with this Part.
C. Notwithstanding any law or agreement to the contrary, provisions in the plan restricting conveyance based on race or religion shall be void as provided by La. Rev. Stat. 9:2730.
Added by Acts 1983, No. 552, §1; Acts 2022, No. 481, §1.