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Current as of January 01, 2025 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Maryland Code, Real Property § 11A-123 - last updated January 01, 2025 | https://codes.findlaw.com/md/real-property/md-code-real-prop-sect-11a-123/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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