California Law (Last Updated: March 4, 2014) |
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.
Latest version.
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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.
(Added by Stats. 2004, Ch. 697, Sec. 14. Effective January 1, 2005. Operative July 1, 2005, by Section 11288.)