New Jersey § 45:22A-5 Necessity of registration;  public offering statement

New Jersey Statutes

§ 45:22A-5 — Necessity of registration; public offering statement

New Jersey § 45:22A-5

Title 45PROFESSIONS AND OCCUPATIONS

This text of New Jersey § 45:22A-5 (Necessity of registration; public offering statement) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 45:22A-5 (2026).

Text

Unless the retirement subdivisions or community lands or the transaction is exempt by section 4:

(a)No person may offer or dispose of any lot or unit in any retirement subdivision or community located in this State, nor offer or dispose in this State of any lot or unit in any retirement subdivision or community located without this State prior to the time such division or community is registered in the manner prescribed by this act;

(b)No person may dispose of any lot or unit in any retirement subdivision or community unless a current public offering statement is delivered to the purchaser and the purchaser is afforded a reasonable opportunity, under no circumstances less than 48 hours, to examine the public offering statement prior to the disposition. L.1969, c. 215, s. 5.

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Unless the retirement subdivisions or community lands or the transaction is exempt by section 4: (a) No person may offer or dispose of any lot or unit in any retirement subdivision or community located in this State, nor offer or dispose in this State of any lot or unit in any retirement subdivision or community located without this State prior to the time such division or community is registered in the manner prescribed by this act; (b) No person may dispose of any lot or unit in any retirement subdivision or community unless a current public offering statement is delivered to the purchaser and the purchaser is afforded a reasonable opportunity, under no circumstances less than 48 hours, to examine the public offering statement prior to the disposition. L.1969, c. 215, s. 5.