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18-14-104. Legal status of time-share estates.
Arkansas Code — all titles (historical 2020) · legal_authorities
18-14-104. Legal status of time-share estates.
(a)(1) A time-share estate is an estate in real property and has the character and incidents of an estate in fee simple at common law, including an estate for years with a remainder over in fee simple or an estate for years with no remainder if a leasehold.
(2) This section supersedes any contrary rule at common law.
(b) A document transferring or encumbering a time-share estate in real property shall not be rejected for recordation because of the nature or duration of that estate or interest.
(c) For purposes of title, a time-share estate constitutes a separate estate or interest in property, except for real property tax purposes.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 18-14-104
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:18-14-104
Source file: gov.ar.code.title.18.odt
Pages: Not recorded – Not recorded
Passage SHA-256: c7a7870a9c711d11b9dfde93589de982d38ff42aa810e480de9fe31b1ad52bc9
Source location: content.xml paragraph 2526
Stored source content
18-14-104. Legal status of time-share estates.
(a)(1) A time-share estate is an estate in real property and has the character and incidents of an estate in fee simple at common law, including an estate for years with a remainder over in fee simple or an estate for years with no remainder if a leasehold.
(2) This section supersedes any contrary rule at common law.
(b) A document transferring or encumbering a time-share estate in real property shall not be rejected for recordation because of the nature or duration of that estate or interest.
(c) For purposes of title, a time-share estate constitutes a separate estate or interest in property, except for real property tax purposes.
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