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Section 448.4-101 Applicability — waiver.

MO Rev Stat § 448.4-101 (2019) (N/A)
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Effective 28 Aug 1983

448.4-101. Applicability — waiver. — 1. Sections 448.4-101 to 448.4-120 apply to all units subject to sections 448.1-101 to 448.4-120, except as provided in subsection 2 of this section or as modified or waived by agreement of purchasers of units in a condominium in which all units are restricted to nonresidential use.

2. Neither an original sale certificate nor a resale certificate need be prepared or delivered in the case of:

(1) A gratuitous disposition of a unit;

(2) A disposition pursuant to court order;

(3) A disposition by a government or governmental agency;

(4) A disposition by foreclosure or deed in lieu of foreclosure;

(5) A disposition to a person in the business of selling real estate who intends to offer those units to purchasers or to renters; or

(6) A disposition which may be cancelled at any time and for any reason by the purchaser without penalty.

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(L. 1983 H.B. 177)

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