2020 Georgia Code
Title 44 - Property
Chapter 3 - Regulation of Specialized Land Transactions
Article 5 - Time-Share Projects and Programs
Part 6 - Registration
§ 44-3-192. Exceptions From Registration

Compliance with this article shall not be required in the case of:

1. Any transfer of a time-share interval by any time-share interval owner other than the developer or such developer's agent;
2. Any disposition pursuant to court order;
3. A disposition by a government or governmental agency;
4. A disposition by foreclosure or deed in lieu of foreclosure;
5. 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;
6. A gratuitous transfer of a time-share interval; or
7. 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, §44-3-197, enacted by Ga. L. 1983, p. 1255, § 1; Ga. L. 1984, p. 22, § 44; Code 1981, §44-3-192, as redesignated by Ga. L. 1995, p. 1260, § 1.)

- Ga. L. 1995, p. 1260, § 1, renumbered former Code Section 44-3-192 as present Code Section 44-3-190. Former Code Section 44-3-192 related to real estate broker's license requirement.

PART 7 MISCELLANEOUS

44-3-193. Modification of public offering statement; limitations on use of public offering statement.

1. A developer must alter or supplement the form of or information contained in the public offering statement to assure that the public offering statement adequately and accurately discloses to prospective purchasers the material required to be disclosed by this article.
2. The public offering statement shall not be used for any promotional purposes unless it is used in its entirety. No person shall advertise or represent that any federal, state, county, or municipal agency, board, or commission has approved or recommended the time-share program, its disclosure statement, or any of its documents.

(Code 1981, §44-3-199, enacted by Ga. L. 1983, p. 1255, § 1; Code 1981, §44-3-193, as redesignated by Ga. L. 1995, p. 1260, § 1.)