- share" defined. For purposes of this chapter, the term "time - share" means the right to use and occupy a living unit, of which the use and occupancy right is divided among persons holding similar interests within that living unit according to a fixed or variable time schedule on a periodic basis and allotted from the use or occupancy into which the time - share project is divided. There is no distinction between a "time - share use" and a "time - share estate."
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