55-1804. PROHIBITIONS ON DISPOSITIONS OF INTERESTS IN SUBDIVISIONS. Unless the subdivided lands or the transaction is exempt under section 55-1805, Idaho Code, it shall be unlawful for any person to make in this state:
(1) Any offer or disposition of any interest in subdivided lands located without this state prior to the time that the subdivided lands are registered in accordance with this chapter.
(2) Any offer or disposition of any interest in a time shared property located within or without this state prior to the time that the time shared property is registered in accordance with this chapter.
(3) Any disposition of any interest in subdivided lands without delivering to the purchaser an effective current public offering statement, obtaining a dated and signed receipt and affording the purchaser a reasonable opportunity to examine the statement.
An offer is made in this state, whether or not the offeror or offeree is then present in this state, if the offer originates within this state or is directed by the offeror to a person or place in this state and received by the person or at the place to which it is directed.
History:
[55-1804, added 1972, ch. 276, sec. 4, p. 667; am. 1984, ch. 61, sec. 2, p. 110; am. 2010, ch. 214, sec. 4, p. 469.]
Structure Idaho Code
Title 55 - PROPERTY IN GENERAL
Chapter 18 - SALE OR DISPOSITION OF LAND LOCATED OUTSIDE THE STATE
Section 55-1802 - DEFINITIONS.
Section 55-1803 - ADMINISTRATION OF CHAPTER.
Section 55-1804 - PROHIBITIONS ON DISPOSITIONS OF INTERESTS IN SUBDIVISIONS.
Section 55-1804A - RIGHT OF RESCISSION.
Section 55-1806 - APPLICATION FOR REGISTRATION.
Section 55-1807 - PUBLIC OFFERING STATEMENT.
Section 55-1808 - EXAMINATION BY COMMISSION OF APPLICATION FOR REGISTRATION.
Section 55-1809 - NOTICE OF FILING — REGISTRATION — REJECTION OF APPLICATION — FEES.
Section 55-1810 - RENEWAL REPORT — DUTY TO REPORT CONVICTIONS AND JUDGMENTS.
Section 55-1811 - GENERAL POWERS AND DUTIES.
Section 55-1812 - FRAUDULENT PRACTICES.
Section 55-1813 - INVESTIGATIONS AND PROCEEDINGS.
Section 55-1814 - CEASE AND DESIST ORDERS.
Section 55-1816 - JUDICIAL REVIEW.
Section 55-1817 - REAL ESTATE LICENSE REQUIRED.
Section 55-1818 - EXTRADITION.
Section 55-1819 - CIVIL REMEDY.
Section 55-1819A - NONCOMPLIANCE — UNFAIR PRACTICE UNDER THE IDAHO CONSUMER PROTECTION ACT.
Section 55-1820 - JURISDICTION.
Section 55-1821 - SERVICE OF PROCESS.