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 Powers and duties of the commission [Repealed].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 Sec. 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.