Section 35-8A-407 Offering statement - Condominium securities. - Alabama Statutes

Section 35-8A-407

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 an offering statement of this chapter if he delivers to the purchaser a copy of the offering statement filed with the securities and exchange commission.

(Acts 1990, No. 90-551, p. 858, §4-107.)