Connecticut General Statutes
Chapter 828 - Common Interest Ownership Act
Section 47-268. - Requirements for public offering statement when interest in community is security.

If an interest in a common interest community is currently registered with the Securities and Exchange Commission of the United States, a declarant satisfies all requirements of this chapter relating to the preparation of a public offering statement if he delivers to the purchaser a copy of the public offering statement filed with the Securities and Exchange Commission.

(P.A. 83-474, S. 69, 96; P.A. 84-546, S. 102, 173.)
History: P.A. 84-546 made technical change.

Structure Connecticut General Statutes

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 47-204. - Separate titles and taxation. Recording of certificate by cooperative. Conveyance of interest in cooperative.

Section 47-205. - Applicability of real property use laws to conversion of buildings to common interest ownership.

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 47-210. - Unconscionable contracts or contract clauses. Leases involving land or facilities in residential common interest communities that are presumed to be unconscionable.

Section 47-211. - Obligation of good faith.

Section 47-212. - Remedies to be liberally administered.

Section 47-213. - Adjustment of dollar amount.

Section 47-213a. - Relationship of chapter to Electronic Signatures in Global and National Commerce Act.

Section 47-214. - Applicability of chapter and amendments thereto to common interest communities.

Section 47-215. - Applicability to nonresidential, mixed use and small common interest communities, limited expense liability planned communities and common interest communities with a conversion building.

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 47-219a. - Arrangements re real property costs. Separate common interest community not created thereby.

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 47-222. - Construction and validity of declaration, bylaws and rules. Marketability of title. Recording of surveys or plans.

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 47-230a. - Display of object on entry door or entry door frame which is motivated by observance of religious practice or belief. Restrictions.

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 47-239a. - Termination and dissolution of master association. Establishment of nonstock corporation.

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 47-245. - Executive board members and officers. Duties. Period of declarant control: Delivery of property and documents by declarant; current financial statement. Prohibitions re elections of executive board members.

Section 47-246. - Transfer of special declarant rights. Obligations and liabilities.

Section 47-247. - Termination of contracts and leases.

Section 47-248. - Bylaws.

Section 47-249. - Upkeep of common interest community. Liability for expenses.

Section 47-250. - Meetings. Rules.

Section 47-251. - Quorum.

Section 47-252. - Voting. Proxies. Ballots.

Section 47-253. - Liability.

Section 47-254. - Conveyance or encumbrance of common elements.

Section 47-255. - Insurance.

Section 47-256. - Surplus funds.

Section 47-257. - Assessments for common expenses. Assessments due to wilful misconduct, failure to comply with standards or gross negligence.

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 47-261b. - Rules.

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 47-261g. - Electric vehicle charging station in unit parking space or limited common element parking space.

Section 47-262. - Applicability of part. Exceptions to requirement of public offering statement or resale certificate.

Section 47-263. - Public offering statement requirements. Liability.

Section 47-264. - Public offering statement. General provisions and requirements.

Section 47-265. - Requirements for public offering statement when community is subject to development rights.

Section 47-266. - Requirements for public offering statement when ownership or occupancy is by time shares.

Section 47-267. - Requirements for public offering statement when community contains conversion building.

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 47-278. - Cause of action to enforce chapter, declaration or bylaws. Attorney's fees and costs. Alternative dispute resolution. Hearings before executive board.

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.

Section 47-295. - Regulations.