Terms Used In Maine Revised Statutes Title 33 Sec. 591

• Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
• Manager: means any person, other than all time-share owners or the association, designated in or employed pursuant to the time-share instrument or project instrument to manage the time-share units. See Maine Revised Statutes Title 33 Sec. 591
• Managing entity: means the manager or, if there is no manager, the association of unit owners. See Maine Revised Statutes Title 33 Sec. 591
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Project: means real property subject to a project instrument containing more than one unit. See Maine Revised Statutes Title 33 Sec. 591
• Project instrument: means one or more recordable documents by whatever name denominated, applying to the whole of a project and containing restrictions or covenants regulating the use, occupancy or disposition of units in a project, including any amendments to the document, but excluding any law, ordinance or governmental regulation. See Maine Revised Statutes Title 33 Sec. 591
• Purchaser: means any person, other than a developer, who by means of a voluntary transfer acquires a legal or equitable interest in a time share other than as security for an obligation. See Maine Revised Statutes Title 33 Sec. 591
• Real estate: includes lands and all tenements and hereditaments connected therewith, and all rights thereto and interests therein. See Maine Revised Statutes Title 1 Sec. 72
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• Time share: means a time-share estate or a time-share license. See Maine Revised Statutes Title 33 Sec. 591
• Time-share estate: means any interest in a unit or any of several units under which the exclusive right of use, possession or occupancy of the unit circulates among the various time-share owners in the unit in accordance with a fixed time schedule on a periodically recurring basis for periods of time established by the schedule coupled with a freehold estate or an estate for years in a time-share property or a specified portion thereof. See Maine Revised Statutes Title 33 Sec. 591
• Time-share instrument: means one or more documents, by whatever name denominated, creating or regulating time shares. See Maine Revised Statutes Title 33 Sec. 591
• Time-share license: means a right to occupy a unit or any of several units during 3 or more separated time periods over a period of at least 3 years, including renewal options, not coupled with a freehold estate or an estate for years. See Maine Revised Statutes Title 33 Sec. 591
• Time-share owner: means a person who is an owner or co-owner of a time share other than as security for an obligation. See Maine Revised Statutes Title 33 Sec. 591
• Time-share property: means one or more time-share units subject to the same time-share instrument, together with any other real estate or rights appurtenant to those units. See Maine Revised Statutes Title 33 Sec. 591
• Time-share unit: means a unit in which time shares exist. See Maine Revised Statutes Title 33 Sec. 591
• Unit: means real property or a portion thereof designated for separate use. See Maine Revised Statutes Title 33 Sec. 591