76-1718. Public-offering statement; not required; when.The developer shall not be required to prepare and distribute a public-offering statement if the developer has registered and there has been issued a public-offering statement or similar disclosure document which is provided to purchasers under the following:(1) The Securities and Exchange Act of 1933;(2) The federal Interstate Land Sales Full Disclosure Act in which the time-share program is made a part of the subdivision that is being registered; or(3) Any federal act or act of the state where the time-share project is located which requires a federal or state public-offering statement or similar disclosure document to be prepared and provided to purchasers.Source Laws 1980, LB 945, § 18; Laws 2001, LB 68, § 9.
Nebraska Legal Code