Prior to offering or disposing of any timeshares, vacation club rights or accommodations in Puerto Rico, a developer must file a public offering statement with the Company for approval. The developer shall furnish each prospective purchaser with a copy of the approved public offering statement prior to such prospective purchaser’s execution of any purchase contract. Approval of the public offering statement shall be governed by the procedures set forth in §§ 1252—1252j of this title.\nHistory —Dec. 26, 1995, No. 252, § 5-101.
Puerto Rico Legal Code