A judicial proceeding where the accuracy of the public offering statement or validity of any sales agreement is an issue and a rescission of the sales agreement is sought or damages are sought must be commenced within one year after the date upon which the last of the events described in paragraphs (1) through (3) of this Code section shall occur:
History. Code 1981, § 44-3-184 , enacted by Ga. L. 1983, p. 1255, § 1; Ga. L. 1995, p. 1260, § 1.
Structure Georgia Code
Chapter 3 - Regulation of Specialized Land Transactions
Article 5 - Time-Share Projects and Programs
Part 3 - Developers and Exchange Companies
§ 44-3-172. Contents of Public Offering Statement
§ 44-3-173. Annual Reports Filed by Exchange Companies and Multilocation Developers
§ 44-3-175. Funds Required to Be Escrowed by Developer; Exceptions; Escrow Agents
§ 44-3-176. Payments Received by Developer on Uncompleted Projects to Be Escrowed
§ 44-3-177. Exemption From Other State Laws Requiring Registration and Public Offering Statements
§ 44-3-178. Exceptions to Public Offering Statement Requirement Under This Article
§ 44-3-179. Updating Public Offering Statement Required
§ 44-3-180. Purchase of Interval Is Free of Liens Affecting That Interval; Exceptions
§ 44-3-181. Transfer of Developer’s Entire Interest
§ 44-3-182. Financial and Other Records of Time-Share Project Association or Managing Agent
§ 44-3-183. Remedy for Violation of Article; Punitive Damages; Attorney’s Fees