58-3304. Prohibitions on dispositions of interest in subdivisions.
58-3304
58-3304. Prohibitions on dispositions of interest in subdivisions.Unless the subdivided lands or the transaction is exempt by K.S.A. 58-3303:
(1) No person may in this state offer or dispose of any interest insubdivided lands located within or without this state prior to the time thesubdivided lands required under the act to be registered are duly registeredin accordance with this act;
(2) no person may dispose of any interest in subdivided lands unless acurrent public offering statement is delivered to the purchaser and thepurchaser is afforded a reasonable opportunity to examine the publicoffering statement prior to the disposition.
History: L. 1967, ch. 311, § 4; L. 1976, ch. 241, § 3; July 1.