Georgia § 44-3-178 Exceptions to public offering statement requirement under this article

Georgia Statutes

§ 44-3-178 — Exceptions to public offering statement requirement under this article

Georgia § 44-3-178

Title44

This text of Georgia § 44-3-178 (Exceptions to public offering statement requirement under this article) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 44-3-178 (2026).

Text

(a)In lieu of the public offering statement required by this article, the developer may give prospective purchasers a public offering statement or similar disclosure document which meets the requirements of the Federal Securities and Exchange Act of 1933 or, if the time-share project is located in another state, a public offering statement or similar disclosure document which that state may require to be prepared and provided to purchasers.

(b)A public offering statement need not be prepared or delivered in the case of:

(1)A transfer of a time-share interval by any time-share interval owner or user other than the developer or such developer's agent;

(2)A disposition pursuant to court order;

(3)A disposition by a government or governmental agency;

(4)A disposition by foreclosure or de

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(a) In lieu of the public offering statement required by this article, the developer may give prospective purchasers a public offering statement or similar disclosure document which meets the requirements of the Federal Securities and Exchange Act of 1933 or, if the time-share project is located in another state, a public offering statement or similar disclosure document which that state may require to be prepared and provided to purchasers. (b) A public offering statement need not be prepared or delivered in the case of: (1) A transfer of a time-share interval by any time-share interval owner or user other than the developer or such developer's agent; (2) A disposition pursuant to court order; (3) A disposition by a government or governmental agency; (4) A disposition by foreclosure or deed in lieu of foreclosure; (5) A disposition of a time-share interval in a time-share project situated wholly outside this state, provided that all solicitations and negotiations took place wholly outside this state and the sales agreement was executed wholly outside this state; (6) A gratuitous transfer of a time-share interval; or (7) Group reservations made for 15 or more people as a single transaction between a hotel and travel agent or travel groups for hotel accommodations when deposits are made and held for more than three years in advance.