§ 2801.5. “Subdivider” Defined.
10 CA ADC § 2801.5Barclays Official California Code of Regulations
10 CCR § 2801.5
§ 2801.5. “Subdivider” Defined.
The term “any person” in Section 11010 and the terms “owner” and “subdivider” in Sections 11012 and 11018.1 of the Code include any person, who at any point in time, owns, or has an option or contract to acquire, the subdivision interests listed in (a) or (b) below for purposes of sale, lease or financing if the subdivision interests were acquired or are to be acquired from the original recipient of a public report for the subdivided land, or from a person who succeeded to the interest of the original recipient in five or more subdivision interests in a subdivision other than a time-share project or in twelve or more time-share estates or uses in a time-share project:
Except as provided in Section 11010.5 of the Code, an “owner” or “subdivider” as herein defined shall not offer for sale or lease, nor cause to be offered for sale or lease, any of the subdivision interests herein above referred to unless a subdivision public report has been issued by the Bureau expressly authorizing the sale or lease of the interests by or on behalf of said owner or subdivider.
Credits
Note: Authority cited: Sections 11080 and 11001, Business and Professions Code. Reference: Sections 11000, 11004.5, 11010, 11012 and 11018.1, Business and Professions Code.
History
1. Amendment filed 1-17-80; effective thirtieth day thereafter (Register 80, No. 3). For prior history, see Registers 78, No. 17; 71, No. 50; and 66, No. 25.
2. Amendment filed 12-3-80; effective thirtieth day thereafter (Register 80, No. 49).
3. Editorial Correction filed 2-6-81 (Register 81, No. 6).
4. Amendment filed 5-13-82; effective thirtieth day thereafter (Register 82, No. 20).
5. Change without regulatory effect amending subsection (b) filed 6-30-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 27).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 10, § 2801.5, 10 CA ADC § 2801.5
| End of Document |