Texas § 221.101 TRANSFER OR TERMINATION OF TIMESHARE INTEREST.

Texas Statutes

§ 221.101 — TRANSFER OR TERMINATION OF TIMESHARE INTEREST.

Texas § 221.101

Code PRProperty Code

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Bluebook

Tex. Property Code Code Ann. § 221.101 (2026).

Text

Sec. 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.

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Sec. 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.