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25 chapters · 359 sections in this title.
28 V.I.C. § 1112 Taxation
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(a) With respect to any timeshare association for a timeshare plan created after the date this chapter is enacted, the timeshare association shall collect taxes and other fees assessed and billed by the Tax Assessor as agent for all owners of timeshare interests and shall remit a…
28 V.I.C. § 1113 Securities exemption
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Any timeshare plan offered in compliance with this chapter may not be construed as a security.
28 V.I.C. § 1114 Licensing
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(a) Any seller of a timeshare plan, who acts on behalf of an owner during the ordinary course of business in exchange for a commission or other compensation strictly on a transactional basis, must be a licensed by the Department at a fee to be determined by the Department. (b) Th…
28 V.I.C. § 1115 Records required to be kept by the managing entity
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(a) During any period of time in which a timeshare association has entered into a contract with a manager or management firm to provide some or all of the management services to the timeshare plan, both the board of administration and the manager or management firm are considered…
