Indiana § 32-32-3-1 Registration with division

Indiana Statutes

§ 32-32-3-1 — Registration with division

Indiana § 32-32-3-1

Title 32PROPERTY

Art. 32TIME SHARES AND CAMPING CLUBS

This text of Indiana § 32-32-3-1 (Registration with division) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 32-32-3-1 (2026).

Text

(a)Before a developer may offer to sell any time shares or camping club memberships in this state, the developer must register with the division under this section.

(b)A person who applies for registration under this section shall submit an application in the manner provided by the division and shall disclose the following information under oath:

(1)The names and addresses of all officers, project managers, marketing agencies, advertising agencies, and exchange companies who are actively involved in soliciting or selling time share units or camping club memberships.

(2)The name and address of each person who owns an interest of ten percent (10%) or more in the registrant, except for reporting companies under the Securities Exchange Act of 1934.

(3)A copy of the document in which the t

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(a) Before a developer may offer to sell any
time shares or camping club memberships in this state, the developer
must register with the division under this section.
(b) A person who applies for registration under this section shall
submit an application in the manner provided by the division and shall
disclose the following information under oath:
(1) The names and addresses of all officers, project managers,
marketing agencies, advertising agencies, and exchange
companies who are actively involved in soliciting or selling time
share units or camping club memberships.
(2) The name and address of each person who owns an interest of
ten percent (10%) or more in the registrant, except for reporting
companies under the Securities Exchange Act of 1934.
(3) A copy of the document in which the time share project or
camping club project is created.
(4) A preliminary title report for the time share project or camping
club project and copies of the documents listed as exceptions in
the report showing any encumbrances.
(5) Copies of and instructions for escrow agreements, deeds, and
sales contracts.
(6) Documents that show the current assessments for property
taxes on the time share project or camping club project.
(7) A copy of bylaws or similar instrument that creates any
community ownership relationship.
(8) Copies of all documents that will be given to a participant who
is interested in participating in a program for the exchange of
occupancy rights among time share participants or camping club
members, and copies of the documents that show acceptance of
the time share or camping club membership in the program.
(c) A developer who knowingly or intentionally offers to sell any
time shares or camping club memberships in this state before
registering with the division under this section commits a Level 6
felony.
[Pre-2002 Recodification Citation: 24-5-9-22.]