CODE OF VIRGINIA

USE OF TERMS (§ 55-364.1)

A developer in its offering or disposition of a time-share may use
interchangeably any term recognized in the industry, including without
limitation: “time-share,” “time-share interest,”
“interval ownership,” “interval ownership interest,”
“vacation ownership,” “vacation ownership interest,” and
“product.” A developer shall not use the term “incidental
benefit” or “alternative purchase” except in the proper
context.

HISTORY: 1994, c. 580.