The following transactions are exempt from registration:

1. (1) An offer, sale or transfer by any one person of not more than one membership camping contract for any membership camping operator in any 12-month period, unless the person receives a commission or similar payment for the sale or transfer.
2. (2) An offer or sale by a government, government agency or other subdivision of a government.
3. (3) Granting a security interest in a membership camping contract.
4. (4) An offer, sale or transfer by a membership camping operator of a membership camping contract previously registered by the operator if the offer, sale or transfer constitutes a resale to another owner.

[1985 c.639 §4]