Ark. Code Ann. § 18-14-104

Legal status of time-share estates

Known as the Arkansas Time-Share Act

The act spans §§ 18–18 (43 sections).

Applied in 1 court decision — leading case Billy K. Roberts, Kelly L. Roberts, Holiday Island Dev. Corp. v. Holiday Island Suburban Improvement Dist. 1 (2018)

Most recently applied in Billy K. Roberts, Kelly L. Roberts, Holiday Island Dev. Corp. v. Holiday Island Suburban Improvement Dist. 1 (September 2018)

Acts 1983, No. 294, Art. 1, §§ 1-104, 1-105; A.S.A. 1947, §§ 50-1304, 50-1305; Acts 2013, No. 710, § 1.

(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.

(3) 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.

(4) For purposes of title, a time-share estate constitutes a separate estate or interest in property, except for real property tax purposes.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.