Public Offering Statement: Condominium Securities

Public Offering Statement: Condominium Securities. If an interest in a condominium 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 in this division 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 condominium is not a security under the provisions of Commonwealth law. Source: PL 3-86, § 4-105.