The public offering statement shall contain a section captioned "Creation of the Time-Share Program." The section shall briefly explain the manner in which the time-share program was or will be created, the locality wherein the time-share instrument will be or has been recorded, and the procedure for its amendment.

Statutory Authority

§§ 54.1-2349 and 55.1-2247 of the Code of Virginia.

Historical Notes

Derived from Virginia Register Volume 32, Issue 10, eff. March 1, 2016; amended, Virginia Register Volume 37, Issue 3, eff. December 1, 2020.