Rhode Island Real Estate Time-Share Act

ARTICLE 34-41-4.01
Protection of Purchasers

SECTION 34-41-4.05

§ 34-41-4.05. Public offering statement – Time-share securities.

If a time-share is currently registered with the securities and exchange commission of the United States, a developer satisfies all requirements relating to the preparation of a public offering statement of this chapter if he or she delivers to the purchaser (and files with the agency) a copy of the public offering statement filed with the securities and exchange commission. (A time share is not a security under the provisions of chapter 11 of title 7 entitled "Sale of Securities.")

History of Section.
(P.L. 1984, ch. 141, § 2.)