State Codes and Statutes
Statutes > Wisconsin > 707 > 707.40707.40
SUBCHAPTER IVPROTECTION OF PURCHASERS
707.40 Applicability; exemptions. This subchapter applies to all time shares subject to this chapter, except that ss. 707.41 to 707.45 and 707.48 do not apply to any of the following:
707.40(1)
(1) The disposition of a time share in any of the following circumstances:707.40(1)(a)
(a) By gift.707.40(1)(b)
(b) By court order.707.40(1)(c)
(c) By a government or governmental agency.707.40(1)(d)
(d) By foreclosure or deed in lieu of foreclosure.707.40(2)
(2) The disposition of a time share if the purchaser may cancel at any time and for any reason without penalty.707.40(3)
(3) The disposition of a time share in a unit situated wholly outside this state under a contract executed wholly outside this state, if there has been no offering within this state.707.40(4)
(4) An offering by a developer of time shares in not more than one time-share unit at any one time.707.40(5)
(5) Disposition to one purchaser of a time-share property or all of the time shares in a time-share property.707.40(6)
(6) A transaction normal and customary in the hotel and motel business, including but not limited to acceptance of advance reservations, if the person engaging in the transaction operates or owns a motel or hotel substantially engaged in the business of accepting short-term, single reservation contracts with customers who obtain no associated long-term use rights.707.40 - ANNOT.
History: 1987 a. 399.