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2019 Delaware Code
Title 25 - Property
Chapter 81. Delaware Uniform Common Interest Ownership Act
Subchapter IV Protection of Purchasers
§ 81-407 Common interest community securities.
Universal Citation: 25 DE Code § 81-407 (2019)
If an interest in a common interest community is currently registered with the Securities and Exchange Commission of the United States, a declarant satisfies all requirements relating to the preparation of a public offering statement of this chapter if the declarant delivers to the purchaser a copy of the public offering statement filed with the Securities and Exchange Commission. An interest in a common interest community is not a security under Delaware law.
76 Del. Laws, c. 422, § 2; 77 Del. Laws, c. 91, § 82.
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