Prerequisites to disposition of interest in subdivided land

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.