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Delaware Code (Titles 8, 9, 25, 30)

25 Del. C. § 81-407

Common interest community securities

Official textdelcode.delaware.gov

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.

Amendment history

76 Del. Laws, c. 422, § 2; 77 Del. Laws, c. 91, § 82

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In this title (40 sections)
  1. 25-81-313 · Insurance
  2. 25-81-314 · Surplus funds
  3. 25-81-315 · Assessments for common expenses
  4. 25-81-316 · Lien for assessments
  5. 25-81-317 · Other liens
  6. 25-81-318 · Association records
  7. 25-81-319 · Association as trustee
  8. 25-81-320 · Rules
  9. 25-81-321 · Litigation involving declarant
  10. 25-81-322 · [Reserved.]
  11. 25-81-323 · Removal of members of executive board
  12. 25-81-324 · Adoption of budget
  13. 25-81-325 · Service on associations and executive board
  14. 25-81-326 · Delaware corporations
  15. 25-81-401 · Applicability; waiver
  16. 25-81-402 · Liability for public offering statement requirements
  17. 25-81-403 · Public offering statement; general provisions
  18. 25-81-404 · Common interest communities subject to development right
  19. 25-81-405 · Time shares
  20. 25-81-406 · Common interest communities containing conversion buildings
  21. 25-81-407 · Common interest community securities
  22. 25-81-408 · Purchaser’s right to cancel
  23. 25-81-409 · Resales of units
  24. 25-81-410 · Escrow of deposits
  25. 25-81-411 · Release of liens
  26. 25-81-412 · Conversion buildings
  27. 25-81-413 · Express warranties of quality
  28. 25-81-414 · Implied warranties of quality
  29. 25-81-415 · Exclusion or modification of implied warranties of quality
  30. 25-81-416 · Statute of limitations for warranties
  31. 25-81-417 · Effect of violations on rights of action; attorneys’ fees
  32. 25-81-418 · Labeling of promotional material
  33. 25-81-419 · Declarant’s obligation to complete and restore
  34. 25-81-420 · Substantial completion of units
  35. 25-81-421 · Amendment to public offering statement
  36. 25-101 · Transfer of title to real estate by deed
  37. 25-102 · Effect of deeds by married women
  38. 25-103 · Circumstances under which wife may bar her dower without…
  39. 25-104 · Trustee for wife with a mental disability; barring of dower
  40. 25-105 · Trustee for husband with a mental disability; barring of…
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