In addition to the requirements of this chapter, a developer, agent, or plan manager presently associated with a preexisting time-share plan shall file at the time of filing of a preexisting time-share plan a certified statement giving the location of the preexisting time-share unit and time-share plan, the number of time-share units, the nature of the ownership of the units, the ownership or use period, the date, and an explanation of how the time-share plan was created, the number of purchasers who purchased time-share plans, and the name and address of the plan manager.

Source: 10 SDR 68, effective January 1, 1984; 12 SDR 102, effective December 22, 1985; 12 SDR 151, 12 SDR 155, effective July 1, 1986; transferred from § 20:56:20:25, August 16, 1993.

General Authority: SDCL 36-21A-89 , 43-15B-6.

Law Implemented: SDCL 43-15B-3 , 43-15B-6.