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§ 11A-123. Persons not required to register with Commission

West's Annotated Code of MarylandReal Property

West's Annotated Code of Maryland
Real Property (Refs & Annos)
Title 11a. Maryland Real Estate Time-Sharing Act (Refs & Annos)
MD Code, Real Property, § 11A-123
§ 11A-123. Persons not required to register with Commission
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.

Credits

Added by Acts 1984, c. 579, § 1, eff. Jan. 1, 1985. Amended by Acts 1985, c. 721.
MD Code, Real Property, § 11A-123, MD REAL PROP § 11A-123
Current through all legislation from the 2017 Regular Session of the General Assembly
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