Rhode Island General Laws > Chapter 34-41 > Article II – Creation, Termination and Incidents of Time Shares


§ 34-41-2.01	Time shares in projects
§ 34-41-2.02	Time-share instrument
§ 34-41-2.03	Allocation of time-share expense liability and voting rights
§ 34-41-2.04	Partition
§ 34-41-2.05	Termination of time-shares
§ 34-41-2.06	Use for sales purposes
§ 34-41-2.07	Rights of secured lenders
§ 34-41-2.08	Transfer of time-share licenses

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Terms Used In Rhode Island General Laws > Chapter 34-41 > Article II - Creation, Termination and Incidents of Time Shares

Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
Appraisal: A determination of property value.
Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Contract: A legal written agreement that becomes binding when signed.
Deed: The legal instrument used to transfer title in real property from one person to another.
Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
in writing: include printing, engraving, lithographing, and photo-lithographing, and all other representations of words in letters of the usual form. See Rhode Island General Laws 43-3-16
Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Lien: A claim against real or personal property in satisfaction of a debt.
Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Statute: A law passed by a legislature.
Trustee: A person or institution holding and administering property in trust.
United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8