Texas Property Code

§ 221.101 — TRANSFER OR TERMINATION OF TIMESHARE INTEREST

PR § 221.101Title 12. MISCELLANEOUS SHARED REAL PROPERTY INTERESTS · Ch. 221. TEXAS TIMESHARE ACT · Art. J. SERVICE AGREEMENTS TO TRANSFER OR TERMINATE A TIMESHARE INTEREST

Statute text

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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.

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Legislative history

Added by Acts 2015, 84th Leg., R.S., Ch. 554 (H.B. 2261), Sec. 2, eff. September 1, 2015.