(1) Subject to the provisions of ORS 100.720, a condominium unit may not be conveyed by a developer subject to a blanket encumbrance.
(2) Notwithstanding subsection (1) of this section, the developer shall conform to an alternative requirement or method which the Real Estate Commissioner may deem acceptable to afford a purchaser the protection provided by the prohibition in subsection (1) of this section. [Formerly 94.465; 2001 c.756 §56]
Section: Previous 100.720 100.725 100.730 100.735 100.740 100.745 100.750 100.770 100.775 100.780 100.785 100.900 100.905 100.910 100.990 NextLast modified: August 7, 2008