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.
Del. Code tit. 25, §§ 81-407
Common interest community securities
Known as the Delaware Uniform Common Interest Ownership Act
The act spans §§ 25-81-101–25-81-421 (100 sections).
76 Del
Official source: Delaware Code Online. Reproduced from public-domain Delaware statutes; confirm against the official source for the current text. Not legal advice.