{"data":{"id":"us-gu/21-gca-47304","jurisdiction":"us-gu","citation":"21 GCA § 47304","heading":"Other Filings Not Required.","body":"(a) Any time-share program in which a public offering statement has been prepared does not require registration under the following:\n(1) the Uniform Securities Act of Guam (Title XLI of the Government Code); or\n(2) any other territorial law which requires the preparation of a public offering statement or substantially similar document for distribution to purchaser.\n(b) Any time-share program that fails to restrict the price at which an owner may sell or exchange his time-share interval shall not by virtue of such failure cause the time-share interval to become a security under the provisions of the Uniform Securities Act nor shall an exchange agent offering such a time-share interval for exchange be construed to be offering a security under such Act.","path":["Title 21: Real Property","Division 1 - Ownership of Real or Immovable Property","Chapter 47: Time-Share Ownership","ARTICLE 3: PROTECTION OF PURCHASERS"],"source_url":"https://col.guamcourts.gov/sites/default/files/21gc047.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T04:12:18Z","sha256":"5b17566ed0f4d6c41cb93919223ba70f04007a8b5fe9ba580dcfcfa354b12d6c","source_id":"us-gu","stale":false,"prev":"us-gu/21-gca-47303","next":"us-gu/21-gca-47305"},"notice":"GroundRules: Original legal text. Not legal advice."}