§ 66-32-126. Exceptions From Registration Requirement

No registration with the commission shall be required in the case of:

1. Any transfer of a time-share interval by any time-share interval owner other than the developer and/or the developer’s agent;
2. Any disposition pursuant to court order;
3. A disposition by a government or governmental agency;
4. A disposition by foreclosure or deed in lieu of foreclosure;
5. A disposition of a time-share interval in a time-share project situated wholly outside this state; provided, that all solicitations, negotiations, and contacts took place wholly outside this state and the contract was executed wholly outside this state;
6. A gratuitous transfer of a time-share interval; or
7. Group reservations made for fifteen (15) or more people as a single transaction between a hotel and travel agent or travel groups for hotel accommodations, where deposits are made and held for more than three (3) years in advance.