Other statutes not applicable.
Ark. Code Ann. § 18-14-406
in effect(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: Public.Resource.Org / UniCourt, Official Code of Arkansas Annotated, Release 78 (2020) (unicourt.github.io/cic-code-ar)URL: https://unicourt.github.io/cic-code-ar/transforms/ar/ocar/r78/gov.ar.code.title.18.htmlFetched: 11/8/2026
