707.11 Securities law; applicability. A time share created and marketed in accordance with this chapter is not a security under ch. 551 if a developer complies with ss. 707.38 (1m) and 707.49. History: 1987 a. 399.
SUBCHAPTER II CREATION, TERMINATION AND INCIDENTS OF TIMESHARE OWNERSHIP 707.20 Time shares in projects. (1) If all of the documents constituting a project instrument are recorded after June 1, 1988, time shares may not be created in any unit in the project unless expressly permitted by the project instrument, including an amendment to the project instrument under sub. (2). (2) An amendment to a project instrument adopted under s.