Georgia § 44-3-178 - Exceptions to public offering statement requirement under this article.
Full text of Georgia Official Code of Georgia Annotated § 44-3-178 — Exceptions to public offering statement requirement under this article., with citation guidance and answers to common questions.
§ 44-3-178. Exceptions to public offering statement requirement under this article.
In lieu of the public offering statement required by this article, the developer may give prospective purchasers a public offering statement or similar disclosure document which meets the requirements of the Federal Securities and Exchange Act of 1933 or, if the time-share project is located in another state, a public offering statement or similar disclosure document which that state may require to be prepared and provided to purchasers. A public offering statement need not be prepared or delivered in the case of: A transfer of a time-share interval by any time-share interval owner or user other than the developer or such developer's agent; A disposition pursuant to court order; A disposition by a government or governmental agency; A disposition by foreclosure or deed in lieu of foreclosure; A disposition of a time-share interval in a time-share project situated wholly outside this state, provided that all solicitations and negotiations took place wholly outside this state and the sales agreement was executed wholly outside this state; A gratuitous transfer of a time-share interval; or Group reservations made for 15 or more people as a single transaction between a hotel and travel agent or travel groups for hotel accommodations when deposits are made and held for more than three years in advance. (Code 1981, § 44-3-178 , enacted by Ga. L. 1983, p. 1255, § 1; Ga. L. 1984, p. 22, § 44; Ga. L. 1995, p. 1260, § 1.)
Frequently Asked Questions About Georgia § 44-3-178
What does Official Code of Georgia Annotated § 44-3-178 cover?
Section 44-3-178 ("Exceptions to public offering statement requirement under this article.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 44-3-178?
A common citation format is "Official Code of Georgia Annotated § 44-3-178" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 44-3-178 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.