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 relating to the preparation of a public offering statement of this chapter if the declarant delivers to the purchaser a copy of the public offering statement filed with the Securities and Exchange Commission. An interest in a common interest community is not a security under Delaware law.
Structure Delaware Code
Chapter 81. DELAWARE UNIFORM COMMON INTEREST OWNERSHIP ACT
Subchapter IV. Protection of Purchasers
§ 81-401. Applicability; waiver.
§ 81-402. Liability for public offering statement requirements.
§ 81-403. Public offering statement; general provisions.
§ 81-404. Common interest communities subject to development right.
§ 81-406. Common interest communities containing conversion buildings.
§ 81-407. Common interest community securities.
§ 81-408. Purchaser's right to cancel.
§ 81-412. Conversion buildings.
§ 81-413. Express warranties of quality.
§ 81-414. Implied warranties of quality.
§ 81-415. Exclusion or modification of implied warranties of quality.
§ 81-416. Statute of limitations for warranties.
§ 81-417. Effect of violations on rights of action; attorneys' fees.
§ 81-418. Labeling of promotional material.
§ 81-419. Declarant's obligation to complete and restore.