Unless the subdivided lands or the transaction is exempt by Section 27-29-30:
(1) No person may in this State offer or dispose of any interest in subdivided lands prior to the time the subdivided lands are registered in accordance with this chapter;
(2) No person may dispose of any interest in subdivided lands unless a current public offering statement is delivered to the purchaser and the purchaser is afforded a reasonable opportunity to examine the public offering statement prior to the disposition.
HISTORY: 1962 Code Section 57-554; 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.