(a) In the case of a condominium situated wholly outside of this State, being promoted
and having a sales office within the State, an application for registration or proposed
public offering statement filed with the Secretary of State which has been approved
by an agency in the state where the condominium is located and substantially complies
with the requirements of this title may not be rejected by the Secretary on the grounds
of noncompliance with any different or additional requirements imposed by this title. However, the Secretary may require additional documents or information in particular
cases to assure adequate and accurate disclosure to prospective purchasers.
(b) If there is no out-of-state agency which has approved the application for registration
or proposed public offering statement, the application shall consist of the public
offering statement described in § 11-126 of this title, and shall be approved in accordance with § 11-127 of this title.
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