§ 11A–123
Statutes in effect as of October 1, 2026.
Md. Code Ann., Real Prop. § 11A-123 (2026)
Title 11A. Maryland Real Estate Time-Sharing Act
Subtitle 1
§ 11A–123LinkCopy Citation
Persons engaged in the following transactions involving time–shares are not required to register with the Commission, to prepare a public offering statement, or to deliver documents described in § 11A–115 of this title:
(1)
A gratuitous disposition;
(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 or by enforcement of a lien or security interest;
(5)
A disposition that may be canceled 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 this State pursuant to a contract executed and negotiated wholly outside this State; or
(7)
A disposition of a time–share project or all time–shares therein to one purchaser.