Sec. 221.023. AMENDMENT OF REGISTRATION. The developer shall file amendments to the registration reporting to the commission any materially adverse change in any document contained in the registration not later than the 30th day after the date the developer knows or reasonably should know of the change. The developer may continue to offer and dispose of timeshare interests under the existing registration pending review of the amendments by the commission if the materially adverse change is disclosed to prospective purchasers.
Added by Acts 1987, 70th Leg., ch. 167, Sec. 6.03, eff. Sept. 1, 1987. Renumbered from Sec. 201.023 by Acts 1989, 71st Leg., ch. 2, Sec. 13.03(b), eff. Aug. 28, 1989.
Amended by:
Acts 2005, 79th Leg., Ch. 539 (H.B. 1045), Sec. 4, eff. January 15, 2006.
Structure Texas Statutes
Title 12 - Miscellaneous Shared Real Property Interests
Chapter 221 - Texas Timeshare Act
Section 221.021. Registration Required
Section 221.022. Application for Registration
Section 221.023. Amendment of Registration
Section 221.024. Powers of Commission
Section 221.0245. Complaint Investigation
Section 221.025. Effect of Registration on Other Laws: Exemption From Certain Laws
Section 221.026. Issuance and Renewal of Registration