{"data":{"id":"us-ar/ark.-code-ann.-18-14-104","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 18-14-104","heading":"Legal status of time-share estates","body":"(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. Amended by Act 2013, No. 710,§ 1, eff. 8/16/2013. Acts 1983, No. 294, Art. 1, §§ 1-104, 1-105; A.S.A. 1947, §§ 50-1304, 50-1305.\n\n(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.\n\n(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.\n\n(2) This section supersedes any contrary rule at common law.\n\n(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.\n\n(c) For purposes of title, a time-share estate constitutes a separate estate or interest in property, except for real property tax purposes.","path":["AR Code","Title 18","Chapter 14","Subchapter 1"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"164336e5332083ccfc676bb2312408dc8f622d165937e1455b996ffeae01ddad","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-18-14-103","next":"us-ar/ark.-code-ann.-18-14-105"},"notice":"GroundRules: Original legal text. Not legal advice."}