If the declaration provides that ownership or occupancy of any units is or may be in time shares, the public offering statement shall disclose, in addition to the information required by § 34-41-4.03:

(1)  The number and identity of units in which time shares may be created;

(2)  The total number of time shares that may be created;

(3)  The minimum duration of any time shares that may be created; and

(4)  The extent to which the creation of time shares will or may affect the enforceability of the association’s lien for assessments provided in § 34-36.1-3.16.