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South Carolina Code of Laws
Title 27
Chapter 32
S.C. Code Ann. tit. 27, ch. 32
Vacation Time Sharing Plans
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Vacation Time Sharing Plans
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Timeshare Lien Foreclosures
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Time Sharing Transaction Procedures
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(D) The board of directors of the vacation time sharing association may determine that a voting interest that is delinquent in the payment of more than two years of assessments is ineligible to consent to or vote on an extension of the vacation time sharing plan unless the delinquency is paid in full before the consent or vote. A voting interest determined to be ineligible by the board of directors must be subtracted from the total percentage or number of all voting interests required to consent to or vote to approve the extension of the vacation time sharing plan and must not be considered for any purpose, including the percentage or number of voting interests necessary to constitute a quorum.