W. Va. Code R. § 142-13-6 - Pre-Opening Sale of Contracts

6.1. Health spas who solicit and sell memberships prior to fully opening for business and providing all promised services and facilities may not use membership fees collected to build facilities or obtain equipment. Monies collected for memberships prior to opening and providing all promised services and facilities must be placed in an escrow account with an insured financial institution and may not be used by the health spa for operational expenses until it opens and provides promised services and facilities.

Notes

W. Va. Code R. § 142-13-6