Final answer:
The subject of this question is Law. The purpose of the law being referred to is to give statutory recognition to timeshare plans, establish procedures for their creation and operation, and provide full and fair disclosure to purchasers and prospective purchasers.
Step-by-step explanation:
The subject of this question is Law. The purpose of the law being referred to is to give statutory recognition to real property timeshare plans and personal property timeshare plans, establish procedures for the creation, sale, exchange, promotion, and operation of timeshare plans, and provide full and fair disclosure to the purchasers and prospective purchasers of timeshare plans.