A. The Common Interest Community Board at any time may require a declarant to alter
or supplement the form or substance of a public offering statement to assure adequate
and accurate disclosure to prospective purchasers.
B. The public offering statement shall not be used for any promotional purpose before
registration and shall be used afterwards only if it is used in its entirety. No person shall advertise or represent that the Common Interest Community Board
has approved or recommended the cooperative, the disclosure statement, or any of the
documents contained in the application for registration.
C. In the case of a cooperative situated wholly outside of the Commonwealth, no application
for registration or proposed public offering statement filed with the Common Interest
Community Board that has been approved by an agency in the state where the cooperative
is located and substantially complies with the requirements of this chapter shall
be rejected by the Common Interest Community Board on the grounds of noncompliance
with any different or additional requirements imposed by this chapter or by the Common
Interest Community Board's regulations. However, the Common Interest Community Board may require additional documents or
information in particular cases to assure adequate and accurate disclosure to prospective
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