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Applicability; waiver.

G.S. 47C-4-101
in effect
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§ 47C-4-101.  Applicability; waiver. (a) This Article applies to all units subject to this chapter, except as provided in subsection (b) or as modified or waived by agreement of purchasers of units in a condominium in which all units are restricted to nonresidential use. (b) Neither a public offering statement nor a resale certificate need be prepared or delivered in the case of a disposition which is: (1) Gratuitous; (2) Pursuant to court order; (3) By a government or governmental agency; (4) By foreclosure or deed in lieu of foreclosure; (5) To a person in the business of selling real estate who intends to offer those units to purchasers; or (6) Subject to cancellation at any time for any reason by the purchasers without penalty. (1985 (Reg. Sess., 1986), c. 877, s. 1.)
Source: North Carolina General Assembly (ncleg.gov)URL: https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_47C/GS_47C-4-101.htmlFetched: 10/19/2026

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