Virginia Code 55.1-2249: Board regulation of public offering statement.
Current as of: 2024 | Check for updates
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The Board may at any time require a developer to alter or supplement the form or substance of a public offering statement to assure adequate and accurate disclosure to prospective purchasers.
Terms Used In Virginia Code 55.1-2249
- Board: means the Common Interest Community Board. See Virginia Code 55.1-2200
- Developer: means any person or group of persons acting in concert that (i) offers to dispose of a time-share or its interest in a time-share unit for which there has not been a previous disposition or (ii) applies for registration of the time-share program. See Virginia Code 55.1-2200
- Public offering statement: means the statement required by § Virginia Code 55.1-2200
1981, c. 462, § 55-398; 2019, c. 712.