§ 36 — Dispositions or offerings for which public offering statement or other materials not required

Section 36. (a) Sections thirty-six to fifty-five, inclusive, shall apply to all time-shares subject to this chapter except as provided in subsection (b).(b) Neither a public offering statement nor the materials required by section forty-two need be prepared or delivered in the case of:(1) a gratuitous disposition of a time-share;(2) a disposition pursuant to court order;(3) a disposition by a government or governmental agency;(4) a disposition by foreclosure or deed in lieu of foreclosure;(5) a disposition that may be cancelled at any time and for any reason by the purchaser without penalty;(6) a disposition of a time-share in a unit situated wholly outside the commonwealth pursuant to a contract executed wholly outside the commonwealth, if there has been no offering within the commonwealth;(7) an offering by a developer of time-shares in no more than one time-share unit at any one time; or(8) A disposition of a time-share property or all time-shares therein to one purchaser.