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TITLE 32 PROFESSIONS AND OCCUPATIONS

CHAPTER 20 REAL ESTATE

ARTICLE 9 REAL ESTATE TIMESHARES

32-2197.23. Power of commissioner to exempt timeshare plans.

A. The commissioner may by special order exempt from the provisions of this article timeshare plans upon written petition and upon a showing by the petitioner, satisfactory to the commissioner, that compliance with the provisions of this article is not essential to the public interest or for the protection of purchasers by reason of the special characteristics of the timeshare plan.

B. Special orders issued pursuant to this section shall relate to specific timeshare plans.

C. A petition filed under this section shall be accompanied by an initial fee of three hundred dollars. A fee is not returnable irrespective of the nature of the action upon the petition.

Last Legislative Year: 2001

Recent legislative history: Laws 2001, Ch. 170, § 23.

Publisher's Note - Renumbered from § 32-2197.13.

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