{"data":{"id":"us-ar/ark.-code-ann.-18-14-406","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 18-14-406","heading":"Other statutes not applicable","body":"(a) A time-share plan in which a public offering statement is prepared under this chapter does not require registration under any of the following: (1) Arkansas Securities Act, § 23-42-101 et seq.; or (2) Any other Arkansas statute that requires a public offering statement or substantially similar document for distribution to purchasers. (b) (1) A time-share plan that fails to restrict the price at which an owner may sell or exchange his or her time-share interest does not by that failure cause the time-share interest to become a security under the Arkansas Securities Act, § 23-42-101 et seq. (2) An exchange agent offering a time-share interest for exchange is not considered to be offering a security under the Arkansas Securities Act, § 23-42-101 et seq. Amended by Act 2013, No. 710,§ 4, eff. 8/16/2013. Acts 1983, No. 294, Art. 3, § 3-105; A.S.A. 1947, § 50-1319.\n\n(a) A time-share plan in which a public offering statement is prepared under this chapter does not require registration under any of the following: (1) Arkansas Securities Act, § 23-42-101 et seq.; or (2) Any other Arkansas statute that requires a public offering statement or substantially similar document for distribution to purchasers.\n\n(1) Arkansas Securities Act, § 23-42-101 et seq.; or\n\n(2) Any other Arkansas statute that requires a public offering statement or substantially similar document for distribution to purchasers.\n\n(b) (1) A time-share plan that fails to restrict the price at which an owner may sell or exchange his or her time-share interest does not by that failure cause the time-share interest to become a security under the Arkansas Securities Act, § 23-42-101 et seq. (2) An exchange agent offering a time-share interest for exchange is not considered to be offering a security under the Arkansas Securities Act, § 23-42-101 et seq.\n\n(1) A time-share plan that fails to restrict the price at which an owner may sell or exchange his or her time-share interest does not by that failure cause the time-share interest to become a security under the Arkansas Securities Act, § 23-42-101 et seq.\n\n(2) An exchange agent offering a time-share interest for exchange is not considered to be offering a security under the Arkansas Securities Act, § 23-42-101 et seq.","path":["AR Code","Title 18","Chapter 14","Subchapter 4"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"140b5e6da91ff2df10c60afd1f60f91859e823b0f58c9632c23719d317a9b66a","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-18-14-405","next":"us-ar/ark.-code-ann.-18-14-407"},"notice":"GroundRules: Original legal text. Not legal advice."}