Current through November, 2024
Section 15-309-12 - Unit offering(a) The developer will offer units to the qualified purchaser by one of the following means: (1) In the order in which the names appear on the list of qualified purchasers provided by the corporation pursuant to section 15-309-10;(2) By the drawing of lots; or(3) By any other reasonable and fair method as determined by the developer and approved by the corporation.(b) Qualified purchasers may select a unit within their prequalified loan amount, including the corporation's equity.[Eff 1/15/2024] (Auth: SLH 2023, Act 92, §2) (Imp: SLH 2023, Act 92, §2)