False advertising prohibited

Statements or representations which are prohibited. Offer of gifts or prizes. Part 5 Financing by Developer 44-3-188. 44-3-189. 44-3-190. 44-3-191. 44-3-192. Developer’s financial records; availability; periodic reports; transfer of developer’s interest subject to debts. Protection of purchasers from developer’s underlying blanket encumbrance. Part 6 Article 6 Property Owners’ Associations Real estate broker’s license requirement; collection of compensation for real estate brokerage services from persons reselling time-share intervals. Requirements for out-of-state projects, managing agents, and exchange programs. Exceptions from registration. 44-3-195. 44-3-196. 44-3-197. 44-3-198. 44-3-199. 44-3-220. 44-3-221. 44-3-222. 44-3-223. 44-3-224. 44-3-225. Miscellaneous 44-3-194. public offering statement [Renumbered.] 44-3-200. Records required to be kept by developer or agents. 44-3-201. Investigation of developer, agent, or exchange program; report confidential; enumeration of grounds for reprimand or for suspension or revocation of registration; cease and desist order for failure to register [Repealed]. 44-3-202. Criminal penalty for violation of article. [Renumbered.] 44-3-203 and 44-3-204 [Repealed]. 44-3-205. Application of article to time-share programs created prior to or following July 1, 1983. [Renumbered.] Registration Part 7 44-3-193. T.44, C.3 Modification of public offering statement; limitations on use of public offering statement. Records required to be kept by developer or agents. Criminal penalty for violation of article; injunction restraining prohibited conduct; liability for damages; attorney’s fees. Application of article to time-share programs created prior to or following July 1, 1983. Exceptions from registration. [Renumbered.] Powers and duties of the commission [Repealed]. Modification of public offering statement; limitations on use of 44-3-226. 44-3-227. 44-3-228. 44-3-229. 44-3-230. 44-3-231. 44-3-232. 175 Short title. Definitions. Creation of property owners’ development; affirmative election to be governed by article. Compliance with provisions of instrument and with rules and regulations; penalties for noncompliance. Voting at association meetings. Assessment of expenses; exemption from liability; liability for unpaid assessments. Amendment of instrument; presumption of validity in court action. Incorporation as prerequisite to submission to article; requirements as to corporate documents; board of directors. Presence of quorums at meetings. Persons deemed to be ‘‘lot owner.’’ Frequency of meetings; notice. Powers and duties of association; legal actions against agent or employee of association. Assessments against lot owners as constituting lien in favor of association; additional charges T.44, C.3 Sec. 44-3-233. T.44, C.3, A.1 PROPERTY against lot owners; procedure for foreclosing lien; obligation to provide statement of amounts due. Liberal construction of article; substantial compliance; curing of defects by amendment.