2005 Minnesota Statutes - 515A.4-101 — Applicability; waiver.

     515A.4-101 Applicability; waiver.  


    (a) Sections 515A.4-101 to 515A.4-118 apply to all units 
 subject to sections 515A.1-101 to 515A.4-117 except as provided 
 in subsection (b) and section 515A.4-113 or as modified or 
 waived by agreement of purchasers of units in a condominium in 
 which all units are restricted to nonresidential use. 


    (b) A disclosure statement need not be prepared in case of: 


    (1) a gratuitous transfer of a unit; 


    (2) a disposition pursuant to court order; 


    (3) a disposition by a government or governmental agency; 


    (4) a disposition by foreclosure or deed in lieu of 
 foreclosure and subsequent disposition by the purchaser at 
 mortgage foreclosure sale, or grantee in the deed in lieu of 
 foreclosure; 


    (5) a transfer to which section 515A.4-107 (Resales of 
 Units) applies. 


    HIST: 1980 c 582 art 4 s 515.4-101