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]