The offer and disposition of an accommodation, timeshare or vacation club right in a timeshare plan or vacation club which satisfies all of the requirements of this chapter shall not be deemed to constitute the offer and sale of a security under §§ 851 et seq. of Title 10, known as the “Uniform Securities Act”.
History —Dec. 26, 1995, No. 252, § 13-103, renumbered as § 14-103 on July 29, 2010, No. 106, § 10.