43-4-43 Application of disclosure statement requirements.
Application of disclosure statement requirements.
Sections 43-4-37 to 43-4-44,
inclusive, do not apply to the following transfers:
Transfers pursuant to court order, including transfers ordered by probate court in the
administration of an estate, transfers between spouses resulting from a judgment of
dissolution of marriage or legal separation, transfer pursuant to a writ of execution,
transfers by a trustee in bankruptcy, transfers by eminent domain, transfers by government
agencies, and transfers resulting from a decree for specific performance;
Transfers to a mortgagee by a mortgagor in default, transfers by any foreclosure sale after
default in an obligation secured by a mortgage, transfers by a mortgagee or a beneficiary
under a deed of trust who has acquired the real property by foreclosure or by a deed in lieu
of foreclosure or transfers by a collateral assignment of beneficial interest;
Transfers by a fiduciary in the course of the administration of a decedent's estate,
guardianship, conservatorship, or trust;
Transfers from one co-owner to one or more other co-owners;
Transfers made to a spouse, a child, a parent, a sibling, a grandchild, or a grandparent;
Transfers of newly constructed residential real property which has never been occupied.
SL 1993, ch 325, § 7; SL 1994, ch 337, § 5.