{"data":{"id":"us-or/ors-94.813","jurisdiction":"us-or","citation":"ORS 94.813","heading":"Character of timeshare estates.","body":"(1) Except as expressly modified by ORS 92.325, 92.425, 94.570, 94.803 to 94.945, 100.005, 100.105, 100.200, 100.450 and 696.490, a timeshare estate is an estate in real property and has the character and incidents of an estate in fee simple at common law or estate for years if a leasehold. A timeshare license is an estate for years having the character and incidents of such an estate at common law.\n      (2) A document transferring or encumbering a timeshare may not be rejected for recordation because of the nature or duration of the interest.\n      (3) Neither a timeshare plan nor a timeshare, subject to regulation under ORS 94.803 and 94.807 to 94.945 is a “security,” as defined in ORS 59.015.","path":["03 - Landlord-Tenant, Domestic Relations, Probate","10. Property Rights and Transactions","Chapter 94 — Real Property Development"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors094.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:11Z","sha256":"b80553fb21d096d6616ab702b6fc7b01f7b0429892981957e81eeb762586689b","source_id":"us-or","stale":false,"prev":"us-or/ors-94.811","next":"us-or/ors-94.815"},"notice":"GroundRules: Original legal text. Not legal advice."}