§508D-3 - Exemptions. - Hawaii Statutes

     §508D-3  Exemptions.  This chapter shall not apply to the following sales of residential real property:

     (1)  Sale to a co-owner;

     (2)  Sale to a spouse, parent, or child of the seller;

     (3)  Sale by devise, descent, or court order;

     (4)  Sale by operation of law, including but not limited to any transfer by foreclosure, bankruptcy, or partition, or any transfer to a seller's creditor incident to a deed (or assignment) in lieu of foreclosure, workout, or the settlement or partial settlement of any preexisting obligation of a seller owed a creditor and any later sale of residential real property by such creditor;

     (5)  Sale by a lessor to a lessee resulting from conversion of leased land to fee simple;

     (6)  Initial sale of new residential real property pursuant to chapter 484 under a current public offering statement or chapter 484 exemption;

     (7)  Sales of condominium apartments or units accompanied by delivery of an unexpired developer's public report; or

     (8)  Sale of time share interests as defined under chapter 514E. [L 1994, c 214, pt of §2; am L 1995, c 172, §1; am L 1996, c 161, §3; am L 2001, c 224, §2; am L 2008, c 28, §31]

 

Note

 

  The 2008 amendment is retroactive to July 1, 2006.  L 2008, c 28, §43.