Code of Virginia § 55.1-2205. Use of terms.
62 words·~1 min read·
/va/title-55-1/chapter-22/55-1-2205·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A developer in its offering or disposition of a time-share may use interchangeably any term recognized in the industry, including "time-share," "time-share interest," "interval ownership," "interval ownership interest," "vacation ownership," "vacation ownership interest," and "product." A developer shall not use the term "incidental benefit" or "alternative purchase" except in the proper context.
1994, c. 580 , § 55-364.1; 2019, c. 712 .