66-32-124 - Commission regulation of public offering statement. - Tennessee Statutes

66-32-124. Commission regulation of public offering statement.

(a)  The commission at any time may require a developer to alter or supplement the form or substance of a public offering statement to assure adequate and accurate disclosure to prospective purchasers.

(b)  The public offering statement may not be used for any promotional purposes before registration and afterwards only if it is used in its entirety. No person may advertise or represent that the commission has approved or recommended the time-share program, the disclosure statement, or any of the documents contained in the application for registration.

[Acts 1981, ch. 372, § 25; T.C.A., § 64-3225.]