{"data":{"id":"us-ar/ark.-code-ann.-18-14-302","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 18-14-302","heading":"Contents of instruments establishing time-share estates","body":"A project and time-share instrument that establishes a time-share estate located or offered in this state shall contain: (1) The name of the county in which the property is situated; (2) The legal description, street address, or other description sufficient to identify the property; (3) Identification of time periods by letter, name, number, or combination thereof; (4) Identification of time-share estates and, when applicable, the method by which additional time-share estates may be established; (5) The formula, fraction, or percentage of the common expenses and any voting rights assigned to each time-share estate and, when applicable, to each accommodation in a project that is not subject to the time-share plan; (6) Restrictions on the use, occupancy, alteration, or alienation of time-share interests; (7) The ownership interest, if any, in personal property and for care and replacement; (8) Any other matters the developer considers appropriate; and (9) (A) Provisions concerning the establishment of a lien against an owner's time-share interest in favor of the association of time-share estate owners to secure payment of common expenses. (B) This lien when provided for in the time-share instrument is enforceable and foreclosable in the way other statutory liens are enforceable and foreclosable under the laws of this state. Amended by Act 2013, No. 710,§ 3, eff. 8/16/2013. Acts 1983, No. 294, Art. 2, § 2-102; A.S.A. 1947, § 50-1309.\n\nA project and time-share instrument that establishes a time-share estate located or offered in this state shall contain:\n\n(1) The name of the county in which the property is situated;\n\n(2) The legal description, street address, or other description sufficient to identify the property;\n\n(3) Identification of time periods by letter, name, number, or combination thereof;\n\n(4) Identification of time-share estates and, when applicable, the method by which additional time-share estates may be established;\n\n(5) The formula, fraction, or percentage of the common expenses and any voting rights assigned to each time-share estate and, when applicable, to each accommodation in a project that is not subject to the time-share plan;\n\n(6) Restrictions on the use, occupancy, alteration, or alienation of time-share interests;\n\n(7) The ownership interest, if any, in personal property and for care and replacement;\n\n(8) Any other matters the developer considers appropriate; and\n\n(9) (A) Provisions concerning the establishment of a lien against an owner's time-share interest in favor of the association of time-share estate owners to secure payment of common expenses. (B) This lien when provided for in the time-share instrument is enforceable and foreclosable in the way other statutory liens are enforceable and foreclosable under the laws of this state.\n\n(A) Provisions concerning the establishment of a lien against an owner's time-share interest in favor of the association of time-share estate owners to secure payment of common expenses.\n\n(B) This lien when provided for in the time-share instrument is enforceable and foreclosable in the way other statutory liens are enforceable and foreclosable under the laws of this state.","path":["AR Code","Title 18","Chapter 14","Subchapter 3"],"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":"04b0d18b61065717a82379124896173403e6b2c6da660d2e6ac978de78b98cdc","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-18-14-301","next":"us-ar/ark.-code-ann.-18-14-303"},"notice":"GroundRules: Original legal text. Not legal advice."}