{"data":{"id":"us-wi/wis.-stat.-707.40","jurisdiction":"us-wi","citation":"Wis. Stat. § 707.40","heading":"Applicability; exemptions.","body":"This subchapter applies to all time shares subject to this chapter, except that ss. 707.41 to 707.45 and 707.48 do not apply to any of the following:\n(1) The disposition of a time share in any of the following circumstances:\n(a) By gift.\n(b) By court order.\n(c) By a government or governmental agency.\n(d) By foreclosure or deed in lieu of foreclosure.\n(2) The disposition of a time share if the purchaser may cancel at any time and for any reason without penalty.\n(3) The disposition of a time share in a unit situated wholly outside this state under a contract executed wholly outside this state, if there has been no offering within this state.\n(4) An offering by a developer of time shares in not more than one time-share unit at any one time.\n(5) Disposition to one purchaser of a time-share property or all of the time shares in a time-share property.\n(6) A transaction normal and customary in the hotel and motel business, including but not limited to acceptance of advance reservations, if the person engaging in the transaction operates or owns a motel or hotel substantially engaged in the business of accepting short-term, single reservation contracts with customers who obtain no associated long-term use rights.","path":["Chs. 700-711, Property","Chapter 707 Time-Share Ownership","SUBCHAPTER IV PROTECTION OF PURCHASERS"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/707.40","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:35Z","sha256":"e0fa7d1ac4f45d3b4b738cc4ad2ce80b01583fedbab5d6d9d025495ee8c96213","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-707.39","next":"us-wi/wis.-stat.-707.41"},"notice":"GroundRules: Original legal text. Not legal advice."}