§ 76-882 — Public-offering statement filed with Securities and Exchange Commission; effect

If an interest in a condominium 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 the Nebraska Condominium Act if he or she delivers to the purchaser a copy of the public-offering statement filed with the Securities and Exchange Commission. An interest in a condominium is not a security under the Securities Act of Nebraska.

Legislative History

Source: Laws 1983, LB 433, § 58; Laws 2002, LB 857, § 5. Cross References: Securities Act of Nebraska, see section 8-1123.