Title 34

Chapter 41
Rhode Island Real Estate Time-Share Act

Article IV
Protection of Purchasers

R.I. Gen. Laws 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.