PART V.

131 words·~1 min read·/hi/part-v-21

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

PART V. PROTECTION OF CONDOMINIUM PURCHASERS

Note

Part heading amended by L 2005, c 93, pt of §4.

A. General Provisions

[§514B-81] Applicability; exceptions.

(a)This part applies to all units subject to this chapter, except as provided in subsection (b).

(b)No developer's public report shall be required in the case of:

(1)A gratuitous disposition of a unit;

(2)A 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; or

(5)The sale of units in bulk, as defined in section 514B‑51(b); provided that the requirements of this part shall apply to any sale of units to the public following the sale of units in bulk. [L 2005, c 93, pt of §4]