SUBPART D.  PROTECTION OF PURCHASERS

§1124.101.  Applicability; waiver

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.