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Section 27-29-40. Prerequisites to disposition of interest in subdivided land.

SC Code § 27-29-40 (2019) (N/A)
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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.

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Section 27-29-30. Exceptions to application of chapter.
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Section 27-29-50. Application for registration of subdivided land.