New Jersey § 45:15-16
Full text of New Jersey New Jersey Statutes § 45:15-16, with citation guidance and answers to common questions.
§ 45:15-16.
A timeshare plan may be created in any accommodation unless otherwise prohibited. A timeshare plan shall maintain a one-to-one purchaser-to-accommodation ratio, which
means the ratio of the number of purchasers eligible to use the accommodations of
a timeshare plan on a given day to the number of accommodations available for use
within the plan on that day, such that the total number of purchasers eligible to
use the accommodations of the timeshare plan during a given consecutive 12-month period
never exceeds the total number of accommodations available for use in the timeshare
plan during that consecutive 12-month period. For purposes of the calculation under this section, each purchaser shall be counted
at least once, and an individual accommodation shall not be counted more than one
time per day per year. An owner of a timeshare interest who is delinquent in the payment of a timeshare
plan assessment shall continue to be considered eligible to use the accommodations
of the timeshare plan for purposes of calculating the one-to-one purchaser-to-accommodation
ratio.
Frequently Asked Questions About New Jersey § 45:15-16
What does New Jersey Statutes § 45:15-16 cover?
Section 45:15-16 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 45:15-16?
A common citation format is "New Jersey Statutes § 45:15-16" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 45:15-16 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.