76-1707. Instruments for time-share estates; contents.
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/ne/chapter-76/76-1707A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Project instruments and time-share instruments creating time-share estates shall contain the following:
(1)The name of the county in which the property is situated;
(2)The legal description, street address, or other description sufficient to identify the property;
(3)Identification of time periods by letter, name, number, or combination thereof;
(4)Identification of time-share estates and when applicable the method whereby additional time-share estates may be created;
(5)The formula, fraction, or percentage of the common expenses and any voting rights assigned to each time-share estate and when applicable, to each unit in a project that is not subject to the time-share program;
(6)Any restrictions on the use, occupancy, alteration, or alienation of time-share intervals;
(7)The ownership interest if any in personal property and provisions for care and replacement; and
(8)Any other matters the developer deems appropriate.