§ 655. Restriction on conveyance of campgrounds. 1. No membership campground operator shall convey or transfer a membership campground unless the transferee takes title or possession subject to all rights of purchasers; or the membership campground operator immediately substitutes for the use of purchasers another campground which is located within a fifty-mile radius and is at least as desirable for the purpose of camping and outdoor recreation as the campground being conveyed or transferred.

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2. For the purpose of this section, the terms "convey" and "transfer" shall not include the granting of a security interest in or the pledging of the property for financing purposes, but shall include the assignment of any leasehold interest the campground operator may have in the campground property.