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2019 Nebraska Revised Statutes
Chapter 76 - REAL PROPERTY
76-1718 Public-offering statement; not required; when.
Universal Citation: NE Code § 76-1718 (2019)
76-1718. Public-offering statement; not required; when.
The developer shall not be required to prepare and distribute a public-offering statement if the developer has registered and there has been issued a public-offering statement or similar disclosure document which is provided to purchasers under the following:
(1) The Securities and Exchange Act of 1933;
(2) The federal Interstate Land Sales Full Disclosure Act in which the time-share program is made a part of the subdivision that is being registered; or
(3) Any federal act or act of the state where the time-share project is located which requires a federal or state public-offering statement or similar disclosure document to be prepared and provided to purchasers.
Source
- Laws 1980, LB 945, § 18;
- Laws 2001, LB 68, § 9.
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