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Maine Revised Statutes Title 33 Sec. 1604-106 - Public Offering Statement; Condominium Securities

Maine Revised Statutes > Title 33 > Chapter 31 > § 1604-106 - Public Offering Statement; Condominium Securities

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If an interest in a condominium is currently registered with the Securities and Exchange Commission of the United States or the Office of Securities of this State, a declarant satisfies all requirements relating to the preparation of a public offering statement of this Act if the declarant delivers to the purchaser a copy of the public offering statement filed with the Securities and Exchange Commission or the Office of Securities. When a condominium is located in a state other than Maine, under the laws of which a public offering statement is required in detail similar to the requirements of this Act, a declarant satisfies all requirements relating to the preparation of a public offering statement if the declarant delivers to the purchaser a copy of that public offering statement. [ 2001, c. 182, §14 (AMD) .]

SECTION HISTORY 1981, c. 699, (NEW) . 2001, c. 182, §14 (AMD) .