(a) Except as provided in subsection (b) of this section, a declarant, before offering any interest in a unit to the public, shall prepare a public offering statement conforming to the requirements of sections 47-264 to 47-267, inclusive.
(b) A declarant may transfer responsibility for preparation of all or a part of the public offering statement to a successor declarant. In the event of any such transfer, the transferor shall provide the transferee with any information necessary to enable the transferee to fulfill the requirements of subsection (a) of this section.
(c) A declarant or successor declarant or a dealer who offers a unit to a purchaser shall deliver a public offering statement in the manner prescribed in subsection (a) of section 47-269. The declarant or successor declarant who prepared all or a part of the public offering statement is liable to all persons claiming an interest in the common interest community under section 47-269 for failure to deliver the public offering statement and under section 47-278 for any false or misleading statement set forth therein or for any omission of a material fact therefrom.
(d) If a unit is part of a common interest community and is part of any other real property regime in connection with the sale of which the delivery of a public offering statement is required under the general statutes, a single public offering statement conforming to the requirements of sections 47-264 to 47-267, inclusive, as those requirements relate to each regime in which the unit is located, and to any other requirements imposed under the general statutes, may be prepared and delivered in lieu of providing two or more public offering statements.
(P.A. 83-474, S. 64, 96; P.A. 09-225, S. 39.)
History: P.A. 09-225 amended Subsec. (c) to add “or a dealer” and delete provisions re liability for portion of statement prepared and for statements or omissions made with actual or constructive knowledge, effective July 1, 2010.
Cited. 207 C. 441.
Cited. 38 CA 420.
Structure Connecticut General Statutes
Title 47 - Land and Land Titles
Chapter 828 - Common Interest Ownership Act
Section 47-200. - Short title: Common Interest Ownership Act.
Section 47-201. - Applicability of chapter.
Section 47-202. - Definitions.
Section 47-203. - Variation by agreement and waiver of rights prohibited. Exceptions.
Section 47-206. - Eminent domain.
Section 47-207. - Supplemental general principles of law applicable.
Section 47-208. - Construction against implicit repeal.
Section 47-209. - Severability.
Section 47-211. - Obligation of good faith.
Section 47-212. - Remedies to be liberally administered.
Section 47-213. - Adjustment of dollar amount.
Section 47-214. - Applicability of chapter and amendments thereto to common interest communities.
Section 47-216. - Applicability to preexisting common interest communities.
Section 47-217. - Exception for certain preexisting common interest communities.
Section 47-218. - Applicability to amendments to governing instruments.
Section 47-219. - Applicability to out-of-state common interest communities.
Section 47-219b. - Exemption re covenant to share costs or other obligations.
Section 47-220. - Creation of common interest community.
Section 47-221. - Unit boundaries.
Section 47-223. - Description of unit.
Section 47-224. - Contents of declaration.
Section 47-225. - Leasehold common interest communities.
Section 47-226. - Allocation of interests.
Section 47-227. - Limited common elements.
Section 47-228. - Surveys and plans.
Section 47-229. - Exercise of development rights.
Section 47-230. - Alterations of units.
Section 47-231. - Relocation of unit boundaries.
Section 47-232. - Subdivision of units.
Section 47-233. - Monuments as boundaries.
Section 47-234. - Use for sales purposes.
Section 47-235. - Easement and use rights.
Section 47-236. - Amendment of declaration or bylaws.
Section 47-237. - Termination of common interest community.
Section 47-238. - Rights of secured lenders.
Section 47-239. - Master associations.
Section 47-240. - Merger or consolidation of common interest communities.
Section 47-241. - Addition of unspecified real property.
Section 47-241a. - Master planned communities.
Section 47-242. - Addition of land or units to limited equity cooperative.
Section 47-243. - Organization of unit owners' association.
Section 47-244. - Powers and duties of unit owners' association.
Section 47-244a. - Unincorporated unit owners' association's statutory agent for service.
Section 47-244b. - Service of process on statutory agent.
Section 47-246. - Transfer of special declarant rights. Obligations and liabilities.
Section 47-247. - Termination of contracts and leases.
Section 47-249. - Upkeep of common interest community. Liability for expenses.
Section 47-250. - Meetings. Rules.
Section 47-252. - Voting. Proxies. Ballots.
Section 47-254. - Conveyance or encumbrance of common elements.
Section 47-256. - Surplus funds.
Section 47-258. - Lien for assessments and other sums due association. Enforcements.
Section 47-259. - Other liens.
Section 47-260. - Association records. Copies. Fees.
Section 47-261. - Association as trustee.
Section 47-261a. - Basic education program for association members and management.
Section 47-261c. - Notice to unit owners.
Section 47-261d. - Removal of officers and directors.
Section 47-261e. - Adoption of budgets. Special assessments. Loan agreements.
Section 47-261f. - Litigation involving declarant.
Section 47-263. - Public offering statement requirements. Liability.
Section 47-264. - Public offering statement. General provisions and requirements.
Section 47-268. - Requirements for public offering statement when interest in community is security.
Section 47-269. - Purchaser's right to cancel.
Section 47-270. - Resales of units.
Section 47-271. - Escrow of deposits. Distribution of interest.
Section 47-272. - Release of liens.
Section 47-273. - Rights of tenants in conversion buildings.
Section 47-274. - Express warranties of quality.
Section 47-275. - Implied warranties of quality.
Section 47-276. - Exclusion or modification of implied warranties of quality.
Section 47-277. - Action for breach of warranty. Statute of limitations.
Section 47-279. - Labeling of promotional material.
Section 47-280. - Declarant's obligation to complete and restore.
Section 47-281. - Substantial completion of units required.
Section 47-282. - Statement of policy.
Section 47-283. - Definitions.
Section 47-284. - Conversion tenant's right to conversion notice and public offering statement.
Section 47-285. - Conversion tenant's right to purchase converted unit.
Section 47-286. - Conversion tenant's right to terminate lease and abandon unit.
Section 47-287. - Conversion tenant's right to relocation payment.
Section 47-288. - Registration of common interest community. Notice to Department of Housing.
Section 47-289. - Rent increases of conversion tenants.
Section 47-290. - Eviction of conversion tenants.
Section 47-291. - Unenforceable lease provisions.
Section 47-292. - Tenant's cause of action.
Section 47-293. - Applicability of protection afforded conversion tenants.
Section 47-294. - Complaints of violations. Investigations. Enforcement action by Attorney General.