Tex. Prop. Code § 221.101

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 221.101 - Transfer or Termination of Timeshare Interest

In this subchapter:

(1) "Termination" with respect to a timeshare interest:

(A) means:

(i) the release of contractual obligations relating to a timeshare interest by the developer, association, or managing entity; or

(ii) the invalidation, cancellation, nullification, or cessation of contractual obligations related to a timeshare interest by a judgment or court order; and

(B) does not include the cancellation of a purchase contract governed by Subchapter E.

(2) "Transfer" with respect to a timeshare interest means the conveyance of all or substantially all of a timeshare interest.

Tex. Prop. Code § 221.101

Added by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 554,Sec. 2, eff. 9/1/2015.