Utah Code 57-23-4. Exclusions
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This chapter does not apply to:
(1) an interest in real estate regulated under Title 57, Chapter 19, Timeshare and Camp Resort Act ;
Terms Used In Utah Code 57-23-4
- Cooperative: means a form of coownership of real estate in which:(1)(a) the fee interest in the real estate is held by a corporation, partnership, trust, or other legal entity;(1)(b) an individual's interest in the cooperative is evidenced in a form such as stock, participation shares, membership certificates, or similar instrument; and(1)(c) the participating individual's right of occupancy is demonstrated by a proprietary lease or similar instrument. See Utah Code 57-23-2
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(2) an offering for an interest in real estate which is regulated under:(2)(a)Title 61, Chapter 1, Utah Uniform Securities Act ;(2)(b) the securities laws of any state; or(2)(c) federal securities laws; or(3) a sale of manufactured housing licensed underTitle 58, Chapter 56, Building Inspector and Factory Built Housing Licensing Act , unless the sale is made in conjunction with an offering or sale of a cooperative interest under this chapter.