§ 4-107. Common interest community securities
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 under this title 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 the provisions of 9 V.S.A. chapter 131. (Added 1997, No. 104 (Adj. Sess.), § 3, eff. Jan. 1, 1999.)
Structure Vermont Statutes
Title 27A - Uniform Common Interest Ownership Act (1994)
Article 4 - Protection of Purchasers
§ 4-102. Liability for public offering statement requirements
§ 4-103. Public offering statement; general provisions
§ 4-104. Common interest communities subject to development rights
§ 4-107. Common interest community securities
§ 4-113. Express warranties of quality
§ 4-114. Implied warranties of quality
§ 4-115. Exclusion or modification of implied warranties of quality
§ 4-116. Statute of limitations for warranties
§ 4-117. Effect of violations on rights of action
§ 4-118. Labeling of promotional material