76-1717. Other filings not required; not treated as a security.
91 words·~1 min read·
/ne/chapter-76/76-1717A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Any time-share program registered with the commission in which a public-offering statement has been prepared does not require registration under any other state statute.
(2)Any time-share program that fails to restrict the price at which an owner may sell or exchange his or her time-share interval shall not by virtue of such failure cause the time-share interval to become a security under the Securities Act of Nebraska nor shall an exchange agent offering such a time-share interval for exchange be construed to be offering a security under such act.