§36B-4-109. Resales of Units
(a) Except in the case of a sale in which delivery of a public offering statement is required, or unless exempt under section 4-101(b), a unit owner shall furnish to a purchaser before execution of any contract for sale of a unit, or otherwise before conveyance, a copy of the declaration (other than any plats […]
§36B-4-110. Escrow of Deposits
Any deposit made in connection with the purchase or reservation of a unit from a person required to deliver a public offering statement pursuant to section 4-102(c) must be placed in escrow and held either in this state or in the state where the unit is located in an account designated solely for that purpose […]
§36B-4-111. Release of Liens
(a) In the case of a sale of a unit where delivery of a public offering statement is required pursuant to section 4- 102(c), a seller: (1) Before conveying a unit, shall record or furnish to the purchaser releases of all liens, except liens on real estate that a declarant has the right to withdraw […]
§36B-4-112. Conversion Buildings
(a) A declarant of a common interest community containing conversion buildings, and any dealer who intends to offer units in such a common interest community, shall give each of the residential tenants and any residential subtenant in possession of a portion of a conversion building notice of the conversion and provide those persons with the […]
§36B-4-104. Same — Common Interest Communities Subject to Development Rights
If the declaration provides that a common interest community is subject to any development rights, the public offering statement must disclose, in addition to the information required by section 4-103: (1) The maximum number of units and the maximum number of units per acre, that may be created;
§36B-4-105. Same — Time Shares
If the declaration provides that ownership or occupancy of any units, is or may be in time shares, the public offering statement shall disclose, in addition to the information required by section 4-103: (1) The number and identity of units in which time shares may be created;
§36B-4-106. Same — Common Interest Communities Containing Conversion Buildings
(a) The public offering statement of a common interest community containing any conversion building must contain, in addition to the information required by section 4-103; (1) A statement by the declarant, based on a report prepared by an independent (registered) architect or engineer, describing the present condition of all structural components and mechanical and electrical […]
§36B-4-101. Applicability; Waiver
(a) This article applies to all units subject to this chapter except as provided in subsection (b) or as modified or waived by agreement of purchasers of units in a common interest community in which all units are restricted to nonresidential use. (b) Neither a public offering statement nor a resale certificate need be prepared […]
§36B-4-102. Liability for Public Offering Statement Requirements
(a) Except as provided in subsection (b), a declarant, before offering any interest in a unit to the public, shall prepare a public offering statement conforming to the requirements of sections 4-103, 4-104, 4-105 and 4-106. (b) A declarant may transfer responsibility for preparation of all or a part of the public offering statement to […]
§36B-4-103. Public Offering Statement; General Provisions
(a) Except as provided in subsection (b), a public offering statement must contain or fully and accurately disclose: (1) The name and principal address of the declarant and of the common interest community and a statement that the common interest community is either a condominium, cooperative or planned community;