(1) ORS § 94.550 to 94.783 apply to a planned community created before January 1, 2002, under ORS § 94.550 to 94.783 and to a Class I planned community created on or after January 1, 2002.

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(2) ORS § 94.550 to 94.783, except for ORS § 94.595 and 94.604, apply to a Class II planned community created on or after January 1, 2002.

(3) Notwithstanding any other provision of ORS § 94.550 to 94.783, ORS § 94.550 to 94.783 apply to a Class III planned community or a planned community that is exclusively commercial or industrial and that is created on or after January 1, 2002, if the declaration of the planned community so provides.

(4) Nothing in ORS § 94.550 to 94.783 prohibits the establishment of a condominium subject to ORS Chapter 100 or a timeshare plan subject to ORS § 94.803 to 94.945 within a planned community. [1981 c.782 § 6; 1983 c.530 § 52; 1985 c.76 § 3; 1999 c.677 § 3; 2001 c.756 § 7; 2003 c.569 § 4]