18-14-701. Definition.

Arkansas Code — all titles (historical 2020) · legal_authorities

18-14-701. Definition. As used in this subchapter, “time-share plan” shall have the same meaning as used in § 18-14-102.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 18-14-701

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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Arkansas Code — all titles (historical 2020) · legal_authorities

18-14-102. Definitions.

18-14-102. Definitions. As used in this chapter: (1) “Accommodation” means an apartment, condominium or cooperative unit, cabin, lodge, hotel or motel room, or other private or commercial structure that: (A) Is affixed to real property; (B) Is designed for occupancy or use by one (1) or more individuals; and (C) Is part of a time-share plan; (2) “Acquisition agent” means a person that by telephone, inducement, solicitation, or otherwise in the ordinary course of business directly tries to encourage a person in this state to attend a sales presentation for a time-share plan; (3) “Amenities” means a recreational facility made available to purchasers in a time-share plan; (4) “Association” means a council or an association composed of the owners of time-share interests in a time-share plan; (5)(A) “Broker” means a person that sells or offers to sell in the ordinary course of business, time-share interests in a time-share plan to a purchaser. (B) A broker and a sales agent conducting business from a location in this state, whether on a temporary or ongoing basis, are subject to the Real Estate Law, § 17-42-101 et seq. (C) A violation that results from a time-share activity is not subject to the Real Estate Law, § 17-42-401 et seq.; (6)(A) “Component site” means a specific geographic location where accommodations that are part of a multisite time-share plan are located. (B) Separate phases of a single time-share property in a specific geographic location under common management are considered a single component site; (7)(A) “Developer” means: (i) A person who establishes a time-share plan, or is in the business of selling time-share interests or that uses a broker to sell time-share interests; or (ii) A person that succeeds in the developer's i

Source: Arkansas Code — historical release 78 (November 6, 2020) · 18-14-102

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. The source passage cites 18-14-102. This identifies an authority to review, not proof of applicability.