557A.8 Developer control period. 1. The time-share instruments for a time-share estate program may provide for a period of time, known as the developer control period, during which the developer or a managingagent selected by the developer shall manage the time-share program and the units in thetime-share program. 2. If the time-share instruments for a time-share estate program provide for the establishment of a developer control period, they shall include, but not be limited to,provisions for the following: a. Termination of the developer control period by action of the association.b. Termination of contracts for goods and services for the time-share program entered into during the developer control periods. c. Termination of contract for managing agent entered into during developer control period. d. A regular accounting by the developer to the association as to all matters that significantly affect the interests of owners in the time-share program. 85 Acts, ch 155, §8Referred to in §557A.3 Sat Dec 23 11:05:07 2023 Iowa Code 2024, Section 557A.8 (16, 0)
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