Texas Property Code

§ 222.006 — DISCLOSURE STATEMENTS

PR § 222.006Title 12. MISCELLANEOUS SHARED REAL PROPERTY INTERESTS · Ch. 222. TEXAS MEMBERSHIP CAMPING RESORT ACT

Statute text

(a)Before or at the time of the use of any promotion in connection with the offering of a membership interest or membership right in a membership camping resort, the person who intends to use the promotion shall include the following information in its advertisements to the prospective purchaser:

(1)a statement to the effect that the promotion is intended to solicit purchasers of membership interests or membership rights in a membership camping resort;

(2)the full name of the operator and seller of the membership interest or membership right in the membership camping resort;

(3)if applicable, the full name and address of any marketing company involved in the promotion of the membership camping resort;

(4)the complete rules of the promotion;

(5)the method of awarding, the odds of winning, and the approximate retail value of prizes, gifts, or other benefits under the promotion and the date by which each prize, gift, or other benefit will be awarded or conferred;

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Legislative history

Added by Acts 1989, 71st Leg., ch. 2, Sec. 13.03(d), eff. Aug. 28, 1989.