§ 34-41-4.18. Substantial completion of units.
In the case of a sale of a time share interest unit where delivery of a public offering statement is required, a contract of sale may be executed, but no interest in that unit may be conveyed or finally transferred until the unit is substantially completed, as evidenced by a recorded certificate of substantial completion executed by an independent registered architect or engineer, or by issuance of a certificate of occupancy authorized by law.
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.