37-53-205. Exemption from registration.
37-53-205. Exemption from registration. The registration requirements of this chapter do not apply to:
(1) an offer, sale, or transfer of not more than two timeshare interests by a timeshare owner in a 12-month period;
(2) a gratuitous transfer of a timeshare interest;
(3) a sale under court order;
(4) a sale by any government or a governmental agency;
(5) a sale by forfeiture, foreclosure, or deed in lieu of foreclosure;
(6) a sale of a timeshare offering already registered in Montana or a sale of all timeshare units or timeshare intervals in the timeshare offering to any one purchaser; or
(7) a transfer of a timeshare interest by a timeshare owner other than the developer or the developer's agent unless the transfer is made for the purpose of avoiding the provisions of this chapter.
History: En. Sec. 7, Ch. 444, L. 1987; amd. Sec. 6, Ch. 317, L. 2009.