Louisiana Revised Statutes 9:1124.101 – Applicability; waiver
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Revised Statutes 9:1124.101
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Unit: means a part of the condominium property subject to individual ownership. See Louisiana Revised Statutes 9:1121.103
A. This Subpart applies to all units subject to this Part, except as provided in Subsection B.
B. A public offering statement need not be prepared or delivered in the case of:
(1) A gratuitous transfer of a unit.
(2) A disposition pursuant to court order.
(3) A disposition by foreclosure or giving in payment, or
(4) A transfer to which Section 1124.107 applies.
Acts 1979, No. 682, §1.