{"data":{"id":"us-md/md.-code-real-property-11a-123","jurisdiction":"us-md","citation":"Md. Code, Real Property § 11A–123","heading":"","body":"Persons engaged in the following transactions involving time–shares are not required to register with the Commission, to prepare a public offering statement, or to deliver documents described in § 11A–115 of this title:\n(1) A gratuitous disposition;\n(2) A disposition pursuant to court order;\n(3) A disposition by a government or governmental agency;\n(4) A disposition by foreclosure or deed in lieu of foreclosure or by enforcement of a lien or security interest;\n(5) A disposition that may be canceled at any time and for any reason by the purchaser without penalty;\n(6) A disposition of a time–share in a unit situated wholly outside this State pursuant to a contract executed and negotiated wholly outside this State; or\n(7) A disposition of a time–share project or all time–shares therein to one purchaser.","path":["Article - Real Property"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=grp\u0026section=11A-123","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:00:38Z","sha256":"8617e1a082af20bfc4efe00a9f4ebf6907781445fce9304a5ca6ebb58ac233c5","source_id":"us-md","stale":false,"prev":"us-md/md.-code-real-property-11a-122","next":"us-md/md.-code-real-property-11a-124"},"notice":"GroundRules: Original legal text. Not legal advice."}