Pursuant to a continuing care agreement, a subscriber may purchase or may be the beneficiary of a purchase of a condominium as defined in Title 33, section 1601‑103, subsection 7. With respect to a continuing care agreement pursuant to which a condominium will be purchased the following provisions are applicable:

1. 1. Copy of declaration; filing A copy of the declaration prepared pursuant to the Maine Condominium Act, Title 33, chapter 31, along with a copy of any registration statement filed with the United States Securities and Exchange Commission or the Office of Securities, must be filed with the superintendent prior to the sale of any of the condominium units; and

   [PL 2001, c. 182, §7 (AMD).]

2. 2. Bylaws and rules; filing The bylaws and rules of the unit owners' association shall be filed with the superintendent for informational purposes.

   [PL 1987, c. 482, §1 (NEW).]

PL 1987, c. 482, §1 (NEW). PL 2001, c. 182, §7 (AMD).