This chapter may be cited as the "Uniform Land Sales Practice Act" and, when used herein, unless the context otherwise requires:
(1) "Disposition" includes sale, lease, assignment, award by lottery, or any other transaction concerning a subdivision, if undertaken for gain or profit;
(2) "Offer" includes any inducement, solicitation or attempt to encourage a person to acquire an interest in land, if undertaken for gain or profit;
(3) "Person" means an individual, corporation, government, or governmental subdivision or agency, business trust, estate, trust, partnership, unincorporated association, two or more of any of the foregoing having a joint or common interest, or any other legal or commercial entity;
(4) "Purchaser" means a person who acquires or attempts to acquire or succeeds to an interest in land;
(5) "Subdivider" means any owner of subdivided land who offers it for disposition or the principal agent of an inactive owner;
(6) "Subdivision" and "subdivided lands" means any land situated outside the State of South Carolina which is divided or is proposed to be divided for the purpose of disposition into twenty-five or more lots, parcels, units or interests and also includes any land whether contiguous or not if twenty-five or more lots, parcels, units, or interests are offered as a part of a common promotional plan of advertising and sale.
HISTORY: 1962 Code Section 57-551; 1968 (55) 3052.
Structure South Carolina Code of Laws
Title 27 - Property and Conveyances
Chapter 29 - Uniform Land Sales Practice Act
Section 27-29-10. Short title; definitions.
Section 27-29-20. Administration.
Section 27-29-30. Exceptions to application of chapter.
Section 27-29-40. Prerequisites to disposition of interest in subdivided land.
Section 27-29-50. Application for registration of subdivided land.
Section 27-29-60. Public offering statement.
Section 27-29-70. Examination of application for registration.
Section 27-29-80. Order of the commission on application for registration.
Section 27-29-90. Annual renewal reports.
Section 27-29-110. Powers of commission as to investigations.
Section 27-29-120. Unlawful practices; cease and desist orders.
Section 27-29-130. Revocation of registration.
Section 27-29-140. Judicial review of orders.
Section 27-29-160. Remedies of purchaser of subdivided land.
Section 27-29-170. Jurisdiction of circuit court.
Section 27-29-180. Extradition.