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Louisiana Revised Statutes Tit. 9, § 1131.11. Public offering statement; when not required

Current as of January 01, 2023 | Updated by Findlaw Staff

A. 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 Securities and Exchange Act of 1933.

B. A public offering statement need not be prepared or delivered in the case of:

(1) Any transfer of timeshare interest by any timeshare interest owner other than the developer or his or her agent.

(2) Any disposition pursuant to court order.

(3) A disposition by a government or governmental agency.

(4) A disposition by foreclosure or deed in lieu of foreclosure.

(5) A gratuitous transfer of a timeshare interest.

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Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 9, § 1131.11. Public offering statement; when not required - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-9-sect-1131-11/

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