Connecticut General Statutes 47-104 – Required form of sales contracts
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The commission may by regulation require as a condition of qualification that any real estate syndicate securities authorized under section 47-92 be sold only on a form of subscription or sale contract approved by the commission, and that a signed or conformed copy of each contract be preserved for such period as the commission may find reasonable and necessary to specify by regulation.
Terms Used In Connecticut General Statutes 47-104
- Commission: means the Real Estate Commission. See Connecticut General Statutes 47-91
- Contract: A legal written agreement that becomes binding when signed.
- Real estate syndicate: means any general or limited partnership, joint venture, unincorporated association, or similar organization, but not a corporation, owned beneficially for not less than eighteen persons and formed for the sole purpose of, and engaged solely in, investment in or gain from an interest in real property, including, but not limited to, a sale, exchange, trade or development. See Connecticut General Statutes 47-91