KRS 367.472: Definitions.

Unless the context otherwise requires, the following terms shall mean:

(1) "Recreational and retirement use" land means that land which is sold and promoted

with primary emphasis on the land's value for recreational purposes or for

retirement purposes. In order to carry out the purposes of KRS 367.470 to 367.486,

the Attorney General may by administrative regulations further define the term

"recreational and retirement use" of land;

(2) "Offer" includes every inducement, solicitation, or attempt to encourag e a person to

acquire an interest in land;

(3) "Person" means an individual, corporation, government, or governmental

subdivision or agency, business trust, estate, partnership, unincorporated

association, two (2) or more of any of the foregoing having a j oint or common

interest or any other legal or commercial entity;

(4) "Purchaser" means a person who acquires or attempts to acquire or succeeds to an

interest in land;

(5) "Subdivider" means any owner of subdivided land who offers it for disposition or

the principal agent of the owner.

(6) "Subdivision and subdivided lands" means any land which is divided or is proposed

to be divided for the purpose of disposition into ten (10) or more lots, parcels, units,

or interests and also includes any land, whether c ontiguous or not, if ten (10) or

more lots, parcels, units, or interests are offered as a part of a common promotional

plan of advertising and sale.

(7) "Land" and "interest in land" mean any right to own, use, or enjoy land, including,

but not limited to, fee estates, life estates, leasehold estates, easements, undivided

interests, licenses, and any other legal or equitable interest in real property but not

including interests in the nature of personal property which are nontransferable by

the purchaser.

(8) "Development" means the recreational and retirement use land itself together with

any existing or future common areas, undeveloped land, improvements, or

amenities which are or have been advertised or used to induce the purchase of

recreational and reti rement use land irrespective of whether particular

improvements or amenities existed at the time of sales to particular individuals.

(9) "Consumer credit contract" means any instrument which evidences or embodies a

debt incurred by a natural person for the purchase, lease, or use of recreational and

retirement use land which is intended for personal, family, or household use.