Modification of Public Offering Statement; Limitations on Use of Public Offering Statement

  1. Law
  2. Georgia Code
  3. Property
  4. Regulation of Specialized Land Transactions
  5. Time-Share Projects and Programs
  6. Miscellaneous
  7. Modification of Public Offering Statement; Limitations on Use of Public Offering Statement

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  1. A developer must alter or supplement the form of or information contained in the public offering statement to assure that the public offering statement adequately and accurately discloses to prospective purchasers the material required to be disclosed by this article.
  2. The public offering statement shall not be used for any promotional purposes unless it is used in its entirety. No person shall advertise or represent that any federal, state, county, or municipal agency, board, or commission has approved or recommended the time-share program, its disclosure statement, or any of its documents.

(Code 1981, §44-3-199, enacted by Ga. L. 1983, p. 1255, § 1; Code 1981, §44-3-193, as redesignated by Ga. L. 1995, p. 1260, § 1.)

Editor's notes.

- Ga. L. 1995, p. 1260, § 1, repealed former Code Section44-3-193, relating to contents of application for registration of time-share program, effective July 1, 1995, and renumbered former Code Section44-3-199 as Code Section44-3-193. Former Code Section 44-3-193 was based on Code 1981, § 44-3-193, enacted by Ga. L. 1983, p. 1255, § 1; Ga. L. 1984, p. 22, § 44; Ga. L. 1985, p. 856, § 3.


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