South Carolina Statutes
§ 27-32-30 — Materials to be kept among business records of seller of plans.
It is a violation of this chapter for a person offering vacation time sharing plans for sale to the public to fail to keep among its business records a:
(1)copy of each item required to be submitted to the commission pursuant to Section 27-32-20;
(2)copy of the contract from each sale of the vacation time sharing plan, which contract must be retained for at least three years after parties to the vacation time sharing plan have completely performed all of their obligations under it; and (3) list of all employees, and their last known mailing addresses, which list must include all current employees and all previous employees whose employment was terminated within the preceding three years.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 27-32-30 (Materials to be kept among business records of seller of plans.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1978 Act No 640, SECTION 1; 1979 Act No. 179, SECTION 1; 2003 Act No. 84, SECTION 1.
Nearby Sections
15
§ 27-32-10
Definitions.§ 27-32-100
Public offering statements; contents.§ 27-32-110
Prohibited practices.§ 27-32-140
Materials required to be filed with plans concerning facilities not substantially completed.§ 27-32-200
Vacation Time Sharing Recovery Fund.§ 27-32-210
Recovery from fund; conditions.