Maryland Code, COMMERCIAL LAW 14-2401
Terms Used In Maryland Code, COMMERCIAL LAW 14-2401
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(b) “Purchaser” means a person who has contracted to acquire a vacation club membership.
(c) (1) “Sales agent” means a person who has contracted to sell a vacation club membership.
(2) “Sales agent” includes the developer of a vacation club membership plan.
(d) “Vacation accommodation” means a place of lodging and related facilities over which the user does not have permanent exclusive control.
(e) (1) “Vacation club membership” means an interest in a vacation club membership plan that entitles the purchaser to the use or occupancy of a vacation accommodation on a recurring basis, whether or not the exercise of the right to use or occupy depends on the availability of a vacation accommodation.
(2) “Vacation club membership” includes an interest in a club that provides or arranges for the use or occupancy of campgrounds, condominiums, or other vacation accommodations.
(3) “Vacation club membership” does not include a time-share defined under Title 11A of the Real Property Article.
(f) “Vacation club membership plan” means a plan in which the purchaser has the right to the use or occupancy of any number of vacation accommodations on a recurring basis.