{"data":{"id":"us-ga/o.c.g.a.-44-3-177","jurisdiction":"us-ga","citation":"O.C.G.A. § 44-3-177","heading":"Exemption from other state laws requiring registration and public offering statements.","body":"(a) Any time-share program registered under this article in which a public offering statement has been prepared shall not require registration under any of the following:\n(1) Article 1 of this chapter;\n(2) Chapter 5 of Title 10; or\n(3) Any other state law which requires the preparation of a public offering statement or substantially similar document for distribution to purchasers.\n(b) Any time-share program registered under this article that fails to restrict the price at which an owner may sell or exchange such owner’s time-share interval shall not by virtue of such failure cause the time-share interval to become a security under Chapter 5 of Title 10; nor shall an exchange program offering such a time-share interval for exchange be construed to be offering a security under Chapter 5 of Title 10.","path":["TITLE 44 Property","CHAPTER 3 Regulation of Specialized Land Transactions","Article 5 Time-Share Projects and Programs","PART 3 Developers and Exchange Companies"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.44.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"aec79ec176abfb8fd573d45dfcfd5a47e3c93e0a9f7fb9faff3e7200d0d6fd23","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-44-3-176","next":"us-ga/o.c.g.a.-44-3-178"},"notice":"GroundRules: Original legal text. Not legal advice."}