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Re: Manhattan Club Lawsuit (by Chris V.):

bruced

here's the message posted earlier on redweek.com. good explanation! let me know if it's helpful.

"There’s really no problem with exiting the timeshare if one really wants to do so. Merely deed your interest back to TMC, as a gift. If they don’t reject the gift promptly, they own it. If they DO reject it, bring an action for a declaratory judgment that the timeshare is void as in violation of the NY Rule Against Perpetuities (a statute that exists in almost every state that in layman’s terms says that the transferability of real estate cannot be suspended or prevented indefinitely—-which is what happens if they refuse to take back your timeshare). (Yes, I AM an attorney-Owner, 50 years practice)." this was submitted by:

Steven W.

5 days ago Nov 07, 2018

by the way, OPTION ONE of TM-FRAUD-C's ever-so-generous offer, in my opinion, seems to make giving back your share a similar scenario to the PERPETUITIES that steven w cited only without the guesswork. TMC says they will, in fact, take your share back and WOW.............GIVE YOU $100 to boot. what a friggin great offer.......................NOT.

chris

bruced162 wrote:

I missed it where is the explanation of the New York rule against perpetuities? thanks