California Codes, Business and Professions Code - BPC, Division 4 — Real Estate, Part 2 — Regulation of Transactions, Chapter 2 — The Vacation Ownership and Time-Share Act of 2004, Article 1 — General Provisions, Section 11213
Each time-share estate, as specified in paragraph (1) of subdivision (x) of Section 11212, constitutes, for purposes of title, a separate estate or interest in real property including ownership in real property for tax purposes.
Notes
Defines each qualifying time-share estate as a separate estate or interest in real property for title purposes, including ownership in real property for tax purposes. The rule treats each time-share estate individually as a real-property interest rather than merely as a contractual use right when determining title and property-ownership status under the specified definition.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 11213 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-2/chapter-2/article-1/section-11213