Arkansas § 18-14-104 Legal status of time-share estates

Arkansas Statutes

§ 18-14-104 — Legal status of time-share estates

Arkansas § 18-14-104

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This text of Arkansas § 18-14-104 (Legal status of time-share estates) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 18-14-104 (2026).

Text

(a)(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.

(b)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.

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

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