Texas Property Code

§ 221.034 — EXEMPT OFFERINGS AND DISPOSITIONS; COMMUNICATIONS

PR § 221.034Title 12. MISCELLANEOUS SHARED REAL PROPERTY INTERESTS · Ch. 221. TEXAS TIMESHARE ACT · Art. D. DISCLOSURE

Statute text

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(a)An offering or disposition is exempt from this chapter if it is:

(1)a gratuitous offering or disposition of a timeshare interest;

(2)a disposition pursuant to a court order;

(3)a disposition by a governmental agency;

(4)a disposition by foreclosure or deed in lieu of foreclosure;

(5)an offering or disposition by an association of its own timeshare interest acquired through foreclosure, deed in lieu of foreclosure, or gratuitous transfer;

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Legislative history

Acts 2005, 79th Leg., Ch. 539 (H.B. 1045), Sec. 7, eff. January 15, 2006.