RS 9:1141.50
153 words·~1 min read·
/la/title-9/9-2279A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
RS 9:1141.50
§1141.50. Substantial completion of lots
A. In the case of a sale of a lot for which delivery of a public offering statement is required, a contract to sell may be executed, but the declarant shall transfer no interest in the lot until the declaration is filed for registry, the requirements of R.S. 33:114 et seq. have been met, and all other required governmental approvals have been obtained.
B. When a declarant has transferred an interest in a lot in a planned community in violation of Subsection A of this Section, the purchaser shall have the right to rescind the transfer or demand specific performance that the declarant take the actions described in Subsection A of this Section and to pursue any other remedy provided by law for the declarant's failure to comply with the provisions of Subsection A of this Section.
Acts 2024, No. 158, §2, eff. Jan. 1, 2025.