Sec. 34.55.008. Prohibitions on dispositions of interests in subdivisions.
92 words·~1 min read·
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Sec. 34.55.008. Prohibitions on dispositions of interests in subdivisions.
Unless the subdivided land or the transaction is exempt under AS 34.55.042 ,
(1)a person may not offer or dispose of in this state an interest in subdivided land before the time the subdivided land is registered in accordance with this chapter;
(2)a person may not dispose of an interest in subdivided land unless a current public offering statement is delivered to the purchaser and the purchaser is afforded a reasonable opportunity to examine the public offering statement before the disposition.