I admit I don't know exactly how the proposed legislation may alter how developers will be able extend or terminate qualified timeshare properties. But I do know the existing laws already give developers some leeway in this area. For example, the VWL Master Declaration has this clause dealing with the merger of one condo association into another:
Section 19. Merger
This Declaration, the Association and the Common Elements of this Condominium described in this Declaration may be merged with the declaration of condominium, condominium association and common elements of another independent and separate condominium to form a single condominium with the consent of majority of the total number of voting interests and with the approval of all of the record owners of liens on the Units and Ownership Interests in the Units. If such consent and approval is obtained, a new or amended declaration of condominium, articles of incorporation and bylaws of the Association will be recorded and contain such provisions as are necessary to amend and modify the appurtenances to the Units and the percentages by which the Owners share the Common Expenses and own the Common Surplus and Common Elements in order to create a consolidated single condominium.
I am in no way saying that Disney could or would make any material changes to the existing VWL condo association. But I'm curious why a clause like this was inserted in a master declaration in the first place.