§ 11A-123
133 words·~1 min read·
/md/real-property/11a-123A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§11A–123.
Persons engaged in the following transactions involving time–shares are not required to register with the Commission, to prepare a public offering statement, or to deliver documents described in § 11A–115 of this title:
(1)A gratuitous disposition;
(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 by enforcement of a lien or security interest;
(5)A disposition that may be canceled at any time and for any reason by the purchaser without penalty;
(6)A disposition of a time–share in a unit situated wholly outside this State pursuant to a contract executed and negotiated wholly outside this State; or
(7)A disposition of a time–share project or all time–shares therein to one purchaser.