A leasehold time share interest, and ownership therein, shall in all respects be subject to the same burdens and incidents which attach by law to the lessee’s interest in a leasehold apartment that is part of a condominium property regime established on unregistered land and which is not utilized in a time share plan.

Nothing in this part shall, in any way, be construed to relieve a leasehold time share interest or the owners thereof:

(1) From any rights incident to the relation of husband and wife;
contract signature

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Terms Used In Hawaii Revised Statutes 501-246

  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Leasehold time share interest: means a time share interest consisting of an undivided interest in an apartment lease. See Hawaii Revised Statutes 501-20
  • 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.
  • Time share interest: means a time share interest as that term is defined in chapter 514E. See Hawaii Revised Statutes 501-20
  • Time share plan: means a time share plan as that term is defined in chapter 514E. See Hawaii Revised Statutes 501-20
  • Trustee: A person or institution holding and administering property in trust.
(2) From liability to attachment or mesne process or levy on execution;
(3) From liability to any lien of any description established by law on the leasehold time share interest, or in the interest of the owner in the leasehold time share interest;
(4) To change the laws of descent;
(5) The rights of partition between coparceners and other cotenants;
(6) The right to take the same by eminent domain;
(7) To relieve such leasehold time share interest from liability to be recovered by a trustee in bankruptcy under the provisions of law relating to preferences; or
(8) To change or affect in any way any other rights or liabilities created by law and applicable to the lessee’s interest in a leasehold apartment which is part of a condominium property regime established on unregistered land and which is not utilized in a time share plan; except as otherwise expressly provided in this part.

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