Subdivided Lands Disposition Act

The act regulates the sale and marketing of interests in subdivided land, requiring that subdivisions be registered with a state agency before any interest in them may be offered or sold, and that buyers receive a public offering statement disclosing material facts about the property. It sets out exemptions from registration, application and renewal requirements, fees, and a right for purchasers to rescind a transaction. Enforcement rests with the administering agency, which may investigate, hold proceedings, issue cease and desist orders, and revoke registrations, with additional civil remedies, penalties for fraudulent practices, and judicial review of agency action.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.