Special General Meeting - weeks to points

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Offline Pricivius

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Special General Meeting - weeks to points
« on: May 17, 2019, 22:59:55 »
My mum owns two weeks in a timeshare in Marbella, Spain. Bought 25+ years ago but we have never visited. She is an RCI member, so banks her weeks but rarely uses their value any more.  She pays the Maintenance Fee and always has. It appears we are stuck with it.

An SGM has been called to buy the weeks in return for a cash sum and RCI points. From my understanding, mum will remain obliged to pay the Maintenance Fee, but will own RCI points rather than weeks going forwards.

Seeing as, in an ideal world, mum would no longer have the weeks/points as she gets no value from them, are weeks or points more likely to be given away? Or does she have no hope and is stuck with it either way?

Thanks in advance for any help you can offer.