Browse Arkansas Code titles and sections
18-14-406. Other statutes not applicable.
Arkansas Code — all titles (historical 2020) · legal_authorities
18-14-406. Other statutes not applicable.
(a) A time-share plan in which a public offering statement is prepared under this chapter does not require registration under any of the following:
(1) Arkansas Securities Act, § 23-42-101 et seq.; or
(2) Any other Arkansas statute that requires a public offering statement or substantially similar document for distribution to purchasers.
(b)(1) A time-share plan that fails to restrict the price at which an owner may sell or exchange his or her time-share interest does not by that failure cause the time-share interest to become a security under the Arkansas Securities Act, § 23-42-101 et seq.
(2) An exchange agent offering a time-share interest for exchange is not considered to be offering a security under the Arkansas Securities Act, § 23-42-101 et seq.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 18-14-406
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:18-14-406
Source file: gov.ar.code.title.18.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 4c09512b0e843b245a6087dd5cc9246f3f635d6009bb2575c44a92cf71619b5e
Source location: content.xml paragraph 2979
Stored source content
18-14-406. Other statutes not applicable.
(a) A time-share plan in which a public offering statement is prepared under this chapter does not require registration under any of the following:
(1) Arkansas Securities Act, § 23-42-101 et seq.; or
(2) Any other Arkansas statute that requires a public offering statement or substantially similar document for distribution to purchasers.
(b)(1) A time-share plan that fails to restrict the price at which an owner may sell or exchange his or her time-share interest does not by that failure cause the time-share interest to become a security under the Arkansas Securities Act, § 23-42-101 et seq.
(2) An exchange agent offering a time-share interest for exchange is not considered to be offering a security under the Arkansas Securities Act, § 23-42-101 et seq.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-42-101. Title.
This chapter may be cited as the “Arkansas Securities Act”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-42-101
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 23-42-101. This identifies an authority to review, not proof of applicability.