45:22A-4. Application of act; exemptions
Unless the method of disposition is adopted for the purpose of evasion of this act, the provisions of this act do not apply to offers or dispositions of an interest in land by a purchaser of subdivided lands for his own account in a single or isolated transaction; nor shall the provisions of this act apply to the following:
(a) Offers or dispositions of evidences of indebtedness secured by a mortgage or deed of trust of real estate;
(b) Offers or dispositions of securities or units of interest issued by a real estate investment trust regulated under any State or Federal Statute;
(c) The sale or lease of real estate under or pursuant to court order;
(d) A subdivision as to which the agency has granted an exemption as provided in section 11.
(e) Deleted by amendment.
L.1969, c. 215, s. 4. Amended by L.1975, c. 335, s. 2, eff. March 3, 1976.
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Last modified: October 11, 2016