Ir al contenido
Georgia Commons

Código Oficial de Georgia Anotado

Título 44. PROPERTY · Capítulo 3. REGULATION OF SPECIALIZED LAND TRANSACTIONS · Artículo 5. TIME-SHARE PROJECTS AND PROGRAMS · Parte 1. General Provisions

44-3-161. Purpose of article.

Vigente

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

El texto siguiente es la ley tal como la imprime el estado, en inglés.

  1. The purposes of this article are to:

  2. (1)

    Give statutory recognition to real property timesharing in this state;#

  3. (2)

    Regulate developers of time-share estate and time-share use projects located in this state and outside this state when offered for sale in this state;#

  4. (3)

    Require that developers of time-share projects:#

    1. (A)

      Make certain disclosures to purchasers and prospective purchasers through the use of a public offering statement;#

    2. (B)

      Deposit trust funds with an escrow agent;#

    3. (C)

      Utilize only licensed real estate brokers as sales agents if required by Chapter 40 of Title 43; and#

    4. (D)

      Comply with promotional advertising standards;#

  5. (4)

    Establish operating standards for time-share project managing agents and exchange programs operating in this state; and#

  6. (5)

    Provide for sanctions for violations of any provisions of this article which will permit:#

    1. (A)

      Courts of competent jurisdiction to impose fines or imprisonment for misdemeanors and felonies; and#

    2. (B)

      A claim for appropriate relief by any person adversely affected.#

Las notas siguientes se imprimen con la sección, pero no son ley promulgada (O.C.G.A. § 1-1-1(c)). Se muestran aparte del texto.

History

Code 1981, § 44-3-161, enacted by Ga. L. 1983, p. 1255, § 1; Ga. L. 1995, p. 1260, § 1.

Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

Texto leído de t44-ch1-7-(v31)-2010-pdf.pdf, Volumen V31, edición 2010, página 275; acción de fusión: carried; SHA-256 del archivo 490191d3dc54.