76-1718. Public-offering statement; not required; when.
106 words·~1 min read·
/ne/chapter-76/76-1718A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The developer shall not be required to prepare and distribute a public-offering statement if the developer has registered and there has been issued a public-offering statement or similar disclosure document which is provided to purchasers under the following:
(1)The Securities and Exchange Act of 1933;
(2)The federal Interstate Land Sales Full Disclosure Act in which the time-share program is made a part of the subdivision that is being registered; or
(3)Any federal act or act of the state where the time-share project is located which requires a federal or state public-offering statement or similar disclosure document to be prepared and provided to purchasers.