Requires advertising materials for time-sharing plans to be submitted with the initial public offering statement.
West Virginia HB5557 mandates that advertising materials for time-sharing plans be submitted with the initial public offering statement. These materials include promotional brochures, transcripts of radio and television advertisements, lodging certificates, and any other advertising materials. The bill also outlines restrictions on advertising content, prohibiting misrepresentations, false impressions, and misleading statements about the time-sharing plan.
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