Developers: Prohibited acts. A developer shall not:
1. Offer to sell any time shares in this state unless he holds either a preliminary permit to sell time shares or a permit to sell time shares issued by the Administrator.
2. Sell any time shares in this state unless he holds a permit to sell time shares issued by the Administrator.
3. Offer to sell or sell a time share in this state unless he has named a person to act as a project broker.
4. Offer to sell or sell a time share in this state except through a project broker.
Last modified: February 27, 2006