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ARSD 20:69:12 – Time-share Estates | Midpage
Collections
Administrative Rules of South Dakota
Title 20
20:69
Chapter 20:69:12
ARSD 20:69:12
Time-share Estates
20:69:12:01
Definitions.
20:69:12:02
Registration of time-share estates.
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Registration fee.
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Inspection fee.
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Disclosure statement.
20:69:12:06
Encouragement to read the disclosure statement.
20:69:12:07
Additional disclosure statement requirements.
20:69:12:08
Nonconforming disclosure statements.
20:69:12:09
Offer, transfer, or disposal under a void statement.
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Additional filings required.
20:69:12:11
Filing of option unacceptable.
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Acquisition solicitation requirements for agents.
20:69:12:13
Sales solicitation requirements for agents.
20:69:12:14
Limitation on plan managers.
20:69:12:15
Renewal of time-share filings.
20:69:12:16
Responsible managing employee -- Designation, duties, and change.
20:69:12:17
Copy of disclosure statement to be given to prospective purchasers.
20:69:12:18
Issuance of registration number.
20:69:12:19
Plan manager or RME designated for time-share unit or time-share plan located in the state.
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Material change in disclosure statement.
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Mutual right to cancel contract.
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Retention of copy of contract.
20:69:12:23
Preexisting time-share unit.
20:69:12:24
Persons responsible for filing of preexisting time-share plan.
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Plan manager for preexisting time-share plan.
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Mixed-use project containing existing time-share unit or plan.
20:69:12:27
Law and rules to be available.
20:69:12:28
Agent and special escrow account.
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Plan manager and special account.
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Developer and special escrow account.
20:69:12:31
Developer's escrow agreement when funds deposited.
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Developer's escrow agreement when financial plan submitted.
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Exclusions from funds placed in escrow.
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Integrated special escrow account.
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Account open for inspection.
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Unprofessional conduct.
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Cause for suspension or revocation.