43-15B-1. "Time-share" defined.
82 words·~1 min read·
/sd/title-43/chapter-43-15/43-15b-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For purposes of this chapter, the term "time - share" means the right to use and occupy a living unit, of which the use and occupancy right is divided among persons holding similar interests within that living unit according to a fixed or variable time schedule on a periodic basis and allotted from the use or occupancy into which the time - share project is divided. There is no distinction between a "time - share use" and a "time - share estate."