Section 40: Public offering statements; time-share registered with securities exchange commission
55 words·~1 min read·
/ma/part-ii/title-i/chapter-183b/40A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 40. If a time-share is currently registered with the securities and exchange commission of the United States, a developer satisfies all requirements of this chapter relating to the preparation of a public offering statement if he delivers to the purchaser a copy of the public offering statement filed with said securities and exchange commission.