1. (a) To the extent that a plan of development provides for a series of adjoining condominiums, one or more of which contain fewer than 11 units, resulting in the division of contiguous land into more than 15 parcels, lots, units, or interests by whichever measure results in the greater number, the plan shall be considered a method of disposition adopted for the purpose of evasion of RSA 356-A, unless the developer, prior to offering or disposing of any interest in the condominium units:

   1. (1) Obtains registration or exemption from registration for each unit, pursuant to RSA 356-A:5 and RSA 356-A:8 or RSA 356-A:3, II; and
   2. (2) Obtains registration or exemption from registration of each unit in any condominium containing more than 10 units, pursuant to RSA 356-B:51 and RSA 356-B:54, or RSA 356-B:49, III.

Source. (See Revision Note at chapter heading for Jus 1300) #9782-A, eff 9-11-10, EXPIRED: 9-11-18 New. #12656, INTERIM, eff 11-1-18, EXPIRED: 4-30-19 New. #12909, eff 10-24-19