§514E-2 Status of property. (a) The temporal division of any interest in real property shall not, in and of itself, affect its status as real property.
(b) Whether a time share plan is a time share ownership plan or time share use plan, for purposes of chapter 467 a time share interest shall constitute "real estate" and the offer or sale thereof shall constitute the offer or sale of an interest in real property. [L 1980, c 186, pt of §1; am L 1981, c 81, §9]
Section: Previous 514e-1 514e-1.5 514e-2 514e-2.5 514e-2.6 514e-3 514e-4 514e-5 514e-5.5 514e-6 514e-6.5 514e-7 514e-8 514e-8.5 514e-8.6 NextLast modified: October 27, 2016