§ 34-41-4.01. Applicability — Exemptions.
(a) This Article applies to all time shares subject to this chapter except as provided in subsection (b).
(b) Neither a public offering statement nor the materials required by § 34-41-4.07 (Resale of Time Shares) need be prepared or delivered in the case of:
(1) A gratuitous disposition of a time share;
(2) A disposition pursuant to court order;
(3) A disposition by a government or governmental agency;
(4) A disposition by foreclosure or deed in lieu of foreclosure;
(5) A disposition that may be canceled at any time and for any reason by the purchaser without penalty;
(6) A disposition of a time share in a unit situated wholly outside this state pursuant to a contract executed wholly outside this state, if there has been no offering within this state;
(7) An offering by a developer of time shares in no more than one time-share unit at any one time; or
(8) A disposition of a time-share property or all time shares therein to one purchaser.
History of Section.P.L. 1984, ch. 141, § 2.
Structure Rhode Island General Laws
Chapter 34-41 - Rhode Island Real Estate Time-Share Act
Article IV - Protection of Purchasers
Section 34-41-4.01. - Applicability — Exemptions.
Section 34-41-4.02. - Liability for public offering statement requirements.
Section 34-41-4.03. - Public offering statement — General provisions.
Section 34-41-4.04. - Public offering statement — Conversion building.
Section 34-41-4.05. - Public offering statement — Time-share securities.
Section 34-41-4.06. - Purchaser’s right to cancel.
Section 34-41-4.07. - Resales of time shares.
Section 34-41-4.08. - Deposits.
Section 34-41-4.10. - Conversion building.
Section 34-41-4.11. - Express warranties of quality.
Section 34-41-4.12. - Implied warranties of quality.
Section 34-41-4.13. - Exclusion or modification of implied warranties of quality.
Section 34-41-4.14. - Statute of limitation for warranties.
Section 34-41-4.15. - Effect of violations on rights of action.
Section 34-41-4.16. - Labeling of promotional material.